Humor me - concisely, what's so blatantly bad and failure prone about hos policies? Self evident enough that had the youngsters "read past the outline" they would have had to have got?
Not OP, and I'm actually voting for him, but I think a lot of people are critical of the taxes that will be required to fund all his social programs, including:
Raising property taxes while freezing rents (meaning your shitty NYC apt will never be repaired again), $30 min wage and corporate tax increase and 0.1% tax of stock and options trades (driving jobs away)
rent control just limits supply. city owned grocery stores is a huge capital and organization outlay just to save 2% margin with a huge opportunity cost. at least he backed down from defunding the police. the socialist democratic organization he belongs to hasnt though
I think you're exaggerating his policies. He's not proposing "rent control", he's saying he won't raise the rent on existing rent-stabilized apartments. To conclude that limits supply assumes that all the extra money would be invested into new construction.
Likewise, he's only proposing a pilot program with five grocery stores, which isn't a huge capital expenditure for a large city.
That's kind of a joke right? it's a pilot program for 5 grocery stores? he wins votes off something that is something you admit is so inconsequential, while spending political capital to do it instead of other things? 2% margins baby
Those apartments are already under rent control, and they'd be just as rent controlled if he allowed a rent increase. So, if "rent control limits supply", the supply will be limited no matter what he does.
My mistake, I thought you meant financial capital. I disagree. It seems like grocery prices are a real problem in New York, and the existing subsidy program isn't working. Ensuring people can afford food seems like an excellent use use of political capital, and if it works it can be scaled up.
Man those are not real issues, a 5 grocery store pilot program and a rent freeze (which only applies to less than half of appartments in NYC and less than 30% or total housing in the city)
Can you point me to any major socialist success stories? I was going to ask that rhetorically but i would actually be happy if you could educate me. Certainly running an entire country on socialism almost always ends really badly, but maybe that's not the same on a city level? Or maybe mamdani has discovered the perfect set of policies to make it work.
> Can you point me to any major socialist success stories?
The ongoing Socialist Evolution starting with the migration of pretty much the entire developed world over the middle part of the 20th Century from relatively pure capitalism to modern mixed economies that been a pretty big success story in terms of human welfare, despite some periods of widespread or more local backsliding.
They kind of abandoned socialism in the 80s and 90s precisely because it's awful. Thatcher pointed out that no other political experiment has been carried on for so long as socialism despite it's spectacular failure. She thoroughly destroyed the socialist system in Britain and probably saved the country. I'm not sure what happened in the rest of europe.
Isn't it interesting that the most capitalist country in the world is also the most successful, while the similarly sized and more socialist leaning eu is lagging behind?
Also there's a difference between economic socialism, and the capitalist liberal democracies that run on some social principles like the eu and uk.
