The Fed Created Zohran Mamdani Note

The Fed Created Zohran Mamdani

The author expresses disgust at a photo of political opponents Zohran Mamdani and Curtis Sliwa holding hands. He criticizes Sliwa for not dropping out of the mayoral race to give Cuomo a better chance. The author then laments Andrew Cuomo's departure and the current mayor, Zohran Mamdani, whom he calls a "smiling communist buffoon." He argues that U.S. responses to financial crises, like lower interest rates and fiscal deficits, disproportionately harm the middle and lower classes. While financial assets rise, the working class experiences increased costs for rent, groceries, and housing. This economic reality, where full-time work doesn't guarantee traditional milestones, fuels anger. Mamdani capitalizes on this by proposing policies like rent freezes and subsidized childcare. The author contends that critics of Mamdani should not simply dismiss his supporters as communists. Instead, they must address the question of why capitalism seems to favor asset owners over those trying to acquire assets. He warns against further government intervention to fix problems caused by prior interventions. Ultimately, capitalism's defenders need to make the system appear beneficial to those who do not already own substantial wealth.
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