From @WSJopinion: Democratic socialism is about taxing entrepreneurs and running out of other people’s money; democratic capitalism is about increasing profit margins, sharing the wealth and growing prosperous together, writes Mark Skousen https://t.co/5s12pJth92 ...

Welcome back to the exchange. Wall Street couldn't stop mayoral uh Mayor Mandani. Now it has to work with him.That is the headline on a Wall Street Journal piece today following Mani's mayoral victory. In an exclusive interview, our own Diana Ole got to actually speak with one of Wall Street's heavyweights about Mani's potential policy impact, especially on real estate. Diana, talk to us a little bit about your conversation with Barry Sternlet.>> Right. Well, Tom, I sat down for more than a half an hour jus ...

And Sam, you are joined by Congresswoman Alexandria Casiocortez, uh, one of the biggest names to endorse Zoran Mamani. What is the congresswoman saying? What's her reaction tonight? >> For sure. So, let's start right there. Congresswoman, thank you so much. Kristen just said you were one of the biggest names to step out and to support early on in his political career. First of all, he becomes the youngest mayor in a 100red years plus in New York. Are you surprised by the reality of the situation? you know, ...

Can Zohan Mandani actually do what he's promising in New York City. That's the big question now as New York gets set for what will likely be its first Muslim Democratic socialist mayor. Mandani has mesmerized young voters with his promises to tax the rich, open city-run food stores, make buses free, and help Trump proof New York.But how much of this can he actually do. Any mayor's powers are limited by what's in his control and what's in the hands of New York State. Mamdani will almost certainly manage to d ...

Election Polls and Candidate Performance - Zoran Mandani, a Democratic socialist, holds a significant lead in the New York City mayoral election with 46% support, according to a New York Times Sienna poll [1] - Andrew Cuomo trails Mandani with 24% support, while Republican Curtis Siwa has 15% and incumbent Mayor Eric Adams has only 9% [1] - Mandani defeated Cuomo by 16 points in the Democratic primary, and his lead has since increased by 6 points to a 22-point lead in the polls [1] Candidate Platforms and Political Positioning - Cuomo criticizes Mandani as a socialist who doesn't align with the majority of New Yorkers and highlights Mandani's past stances on defunding the police and lack of support for Vice President Harris [1] - Mandani's campaign focuses on affordability and offers a different approach to issues like grocery shopping, transportation, and housing [2] - Mandani's unapologetic honesty and clear stance on important issues, including the situation in Gaza, have resonated with various segments of the population, including young Jewish voters [3] Democratic Party Dynamics and Endorsements - Maryland Senator Chris Van Holland has endorsed Zoran Mandani, criticizing other Democratic members of the Senate and House representing New York for staying on the sidelines [1] - There is a call for the Democratic Party leadership to support Mandani and embrace new approaches to politics, as the traditional "status quo" has not been successful [1] - The Democratic leadership is urged to recognize the excitement Mandani generates among young people and to support his candidacy wholeheartedly [1] Cuomo's Campaign and Perceived Weaknesses - Cuomo's campaign is perceived as angry and out of touch, with his approach seen as representing the past rather than the future [1] - Cuomo's visit to a mosque is viewed as a desperate attempt to regain votes, given his past associations and actions, including representing Benjamin Netanyahu and alleged sexual harassment of 13 women [2] - Cuomo's past actions, such as his handling of nursing homes during COVID-19 and subsequent book deal, are highlighted as reasons why voters may be hesitant to support him [2] The Appeal of Mandani's Candidacy - Mandani's campaign is described as an insurgency, appealing to a wide range of people with his honesty and clear articulation of values [3] - Mandani's focus on local issues, such as staying in New York rather than traveling overseas, resonates strongly with New Yorkers [7] - Mandani's authenticity is seen as a key factor in his success, contrasting with traditional politicians and offering a fresh perspective [5]

Political Landscape Shift - The Democratic establishment is undergoing a transformation, mirroring the Republican party's remaking a decade ago [1] - The Republican party, previously dominated by figures like Dole, McCain, and Romney, was reshaped by Trump into a nationalist populist party [1] - Socialists are now influencing the Democratic party, similar to how Trump replaced neoconservatism with populist nationalism [2] - Neoliberalism is being replaced with what could be termed populist socialism [2] Future Political Choices - Future political choices will likely be between Republican nationalism and democratic socialism [3] - The options will not be neoliberalism or neoconservatism [3]

Political Landscape & Election Analysis - Zoran Mam Donnie's unexpected victory over Andrew Cuomo in the Democratic nomination, with a shift from a 6% chance to winning [1] - Mam Donnie is a 75% favorite to beat Eric Adams, despite Adams' expected support [2] - The election reflects a broader trend of voters supporting Democratic socialists with unconventional platforms [2] - Young, college-educated white voters played a significant role in electing Zoran [16] Economic Factors & Student Debt Crisis - The rise in student loan debt from $500 billion to $2 trillion in the last 20 years is a key factor [7] - Approximately 40% of the 4 million annual college graduates have student loan debt [7] - Around 80 million young people have accumulated $1.5 trillion in new debt over the past 20 years, averaging $60,000 per person [7] - The increasing cost of college degrees has outpaced entry-level salary wage growth by 10 times over the last 20 years [18] - Student debt creates "negative capital," leading young people to seek government intervention and socialist solutions [11][12][13] Policy Proposals & Potential Consequences - Proposed policies include free buses, rent freezes, tripled affordable housing development, city-owned grocery stores, and a $30 minimum wage [3] - Concerns that high taxes will drive the top 10% of taxpayers, who contribute two-thirds of the tax base, to leave New York [20] - The federal student loan program needs reform, potentially replaced by private lenders with underwriting standards [26][27] Historical Parallels & Warnings - Socialism has historically failed in various countries when used to escape debt cycles [15] - Cities like San Francisco and Los Angeles are cited as examples of the "doom spiral" caused by socialist policies [18][22][23]

Election Results & Political Landscape - Zohan Mandani, a self-described Democratic socialist, won 435% of first-place votes in the New York City mayoral primary election, defeating Andrew Cuomo who got 363% [1][2] - The win raises questions about the Democratic party's brand nationally as it looks to the midterms and the next presidential election [4] - Democratic leaders congratulated Mamani but stopped short of endorsing him, highlighting a divide within the party [3] Key Issues & Policy Focus - Affordability and the cost of living are key issues for voters across the political spectrum [6] - Mamdani aims to use mayoral power to reject Donald Trump's fascism and stop mass ICE deportations [3] - Combating anti-semitism is an important issue, and Mamdani has connected it with his own experiences of bigotry [20] Party Dynamics & Strategy - The Democratic party establishment is perceived as not fully supporting young, progressive candidates [8] - There's a double standard applied to young politicians of color, who face purity tests and scrutiny [22] - Republicans are accused of weaponizing anti-semitism in bad faith [24][25] General Election Challenges - Mamdani needs to broaden his coalition and address liabilities in the general election campaign [10][11] - He is strategically working with other candidates and messaging to specific communities [12] - There's pressure on Mamdani to build relationships, while the establishment faces less pressure to avoid demeaning progressives [13]

Tonight we made history. [Applause] In the words of Nelson Mandela, "It always seems impossible until it is done." [Applause] Shock waves are still reverberating this week after 33-year-old Democratic socialist Zoran Mandani pulled off a major upset, defeating former Governor Andrew Cuomo in the Democratic primary for New York City mayor. Mdani's supporters say he represents just what the party needs.But some members of the Democratic establishment are reportedly melting down over his victory. And Republica ...