Oligarchs Fear Democratic Socialist Mamdani’s NYC Mayoral Victory
As New York City’s Democratic mayoral primary reached its final day, support for democratic socialist Zohran Mamdani was gaining momentum, causing alarm among wealthy backers of former Governor Andrew Cuomo. Polls indicated a close race between Mamdani and Cuomo, with the possibility of Mamdani’s victory concerning Wall Street figures and other wealthy donors. Some billionaires have even threatened to leave the city or close businesses if Mamdani is elected, while others have expressed their fear of his potential success. Mamdani’s platform focuses on progressive policies such as free public services, drawing support from prominent progressives and setting up a potential battle between organized money and organized people.
John Q. Hosedrinker