This is great work Spencer! I’m bewildered following this situation. New York bounced so well from COVID from 2022 to now, and now people are potentially voting for this? It’s crazy! From the outside here, some of the economic policies around rent are guaranteed to fail, and the potential to inflame ethnic tensions is extreme. Meanwhile San Francisco’s struggles are well publicized but they’re taking serious action to clean up the city. Maybe it’s a fluke, a low turnout vote on a hot day. But maybe not..
There have been two new takes on this from my WSJ colleagues and one I missed yesterday. Links below.
"The Young College Grads Who Propelled Mamdani to Victory" (TL;DR rent's too damn high) https://www.wsj.com/us-news/zohran-mamdani-nyc-election-voters-economy-ead5d808
"The People's Republic of New York City" from the Opinion page
https://www.wsj.com/opinion/zohran-mamdani-new-york-city-mayor-democratic-primary-andrew-cuomo-f90e7f31
And: "Wall Street Panics Over Prospect of Socialist Running NYC"
https://www.wsj.com/us-news/wall-street-panics-over-prospect-of-a-socialist-running-new-york-city-da7db7e4
It’s hilarious and lovely and loving and TRUE
Your. Mother
This is great work Spencer! I’m bewildered following this situation. New York bounced so well from COVID from 2022 to now, and now people are potentially voting for this? It’s crazy! From the outside here, some of the economic policies around rent are guaranteed to fail, and the potential to inflame ethnic tensions is extreme. Meanwhile San Francisco’s struggles are well publicized but they’re taking serious action to clean up the city. Maybe it’s a fluke, a low turnout vote on a hot day. But maybe not..
Thanks!
From your lips to Allah’s ears!
I’m the Econtrarian. I think we have a number of things in common.
Did your grandmother pack you kolbász sandwiches for lunch? ;) Hi Paul.
Great insightful article. Great cities need to be minded carefully.