The Biggest Threat to Mamdani’s Agenda Isn’t Trump—It’s Wall Street

The Biggest Threat to Mamdani’s Agenda

Wall Street destroyed New York City’s social welfare economy in 1975. To avoid a similar fate under Mayor Mamdani, popular movements must discipline the super rich.

Democratic socialist Assemblymember Zohran Mamdani is likely to win the mayoralty of New York City this November, according to polls. An October 9 Quinnipiac University survey shows Mamdani leading by 13 points over his nearest competitor.

Mamdani has several advantages, including a strong ground game with tens of thousands of volunteers, a successful social media campaign, favorable media coverage, and significant campaign funds.

Avoiding that fate under Mayor Mamdani will require popular movements to discipline the super rich.

Author's summary: Mamdani's agenda faces a threat from Wall Street.

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In These Times In These Times — 2025-10-25

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