New York City business leaders woke up to the outcome they least expected Wednesday morning — young, popular socialist Zohran Mamdani cruising to apparent victory in the New York City Democratic mayoral primary.
Why it matters: There's a reason Kathryn Wylde, long the voice of the city's business community, said this week that leaders were "terrified" of Mamdani's rise.
For Wall Street, it's not just about Mamdani — some fear a broader rise of socialism could destabilize markets and the economy.
Zoom out: Bradley Tusk, CEO of Tusk Ventures and former campaign manager for Michael Bloomberg's 2009 mayoral race, said investors need to watch for a rise of "demagogues" on either side of the political spectrum.
"If you have a super high profile socialist mayor creating all types of new government entitlements, taxes, you know, big anti-capitalism sort of campaign…that reverberates everywhere and that generally puts pressure on markets," Tusk told Axios.
Zoom in: Tusk pointed to what he sees as a rise in "very, very progressive mayors," citing Chicago Mayor Brandon Johnson and Boston Mayor Michelle Wu as examples, albeit with mixed track records.
Johnson's approval has been at a record low for the office, while voters view Wu much more favorably.
What they're saying: Jim Bianco, president and macro strategist at Bianco Research, wrote "it appears that NYC is electing to commit suicide by Mayor" in a post on X.
This is part and parcel of what Righties have been screaming at Socialists for decades. 'OMG, they're going to destroy EVERYTHING!'
Just nuttiness. Just jerkwads who support Trump - even though they get NOTHING out of that support - and have been trained by the Rightedia for 40 years to believe 'Socialism = EEEEEVULLL!'
I support this guy, and Democratic Socialism, one thousand percent. Don't like it? Sit and spin.-greenman
our sense of community... of fairness, decency, and dignity for all.... If we do not stand up for the oppressed and down-trodden and give them refuge from the storms.... If we do not stand up for those who are suffering and starving in Gaza and elsewhere.... I fear we will lose our very soul, as a beacon of hope and refuge and justice for humanity.
If we do not realize that diversity is a strength and a blessing, that we should guard and be grateful for... then we, the greatest and most diverse country the world has ever known, will not continue to stand but will fall.
There is a reason why the Greeks and Romans were able to build the greatest civilizations in the ancient world... because of their proximity to the trade routes that connected them to all the best parts of the larger world of diverse cultures as well.
Diversity... It's a double edged sword, because with it also comes differences that sometimes divide us. But it remains a good thing, to be cherished, protected and appreciated. Love thy neighbor... far and near. Join the community of the human race.
Beautifully said
Posted by Pikes Peak 14115 on June 26, 2025, 2:15 pm, in reply to "If we do not reclaim..." ADMIN
The felon broadbrush painted all immigrants and his ICE is acting on that. On what basis? His belief!
His own mother entered the US illegally and was a fugitive until Fred Trump courted and married her. So it can be said the felon would indeed treat his own mother the way he orders all immigrants to be treated. We have words for people like that. You can look away from a painting, but you can't listen away from a symphony
Posted by greenman on June 26, 2025, 7:59 am, in reply to "If we do not reclaim..." Valued Poster
Trump's major tool (and the Right's) is division. Divide and conquer, make people hate each other. We need to get rid of that garbage. We need to fight back.-greenman
He came at them from a religious position...very clever.
Joking aside, Dems should encourage that. We shouldn't be perceived as enemies of Christianity, at least.-greenman
Far too often....
Posted by Skye on June 26, 2025, 10:13 am, in reply to "A-ha!" Valued Poster
Christians are their own worst enemy, IMO. They twist the message of faith, love, hope, and forgiveness into something that is anything but. They see people as evil, hopeless, filthy rags that need an outside miracle to forgive and save them. Instead of hearing the message of Jesus, to forgive and love thy neighbor... they don't even think that is possible. They think they must rely on or put their faith in a miracle or outside 'savior' to save them from the evil in themselves and others. That is actually the opposite of faith. It is hopelessness, really. They don't even hear nor believe in the message of faith and love anymore.
"2 Corinthians 6:2 King James Version (KJV) (For he saith, I have heard thee in a time accepted, And in the day of salvation have I succoured thee: behold, now is the accepted time; behold, now is the day of salvation."
Now is the day of salvation. Now is the time to have faith in the power of love... to act on your own and others' ability to love and forgive each other. That was the message of Jesus. Don't kill the message, nor the messenger. Don't wait for an outside miracle or savior to appear in the sky. The miracle is within you. Have some faith.
Agreed
Posted by greenman on June 26, 2025, 1:56 pm, in reply to "Far too often...." Valued Poster
When I was a kid most people were Catholic or mainstream Protestant, except for Mormons and a few snakehandlers. And people seemed to 'get the message' better and behave a bit better.
With the rise of Evangelical magachurches, the greedheads, con-men and right-wingers have almost taken over mainstream Christianity. And they want money and power.-greenman
I disagree. Only SOME religious folks are like that. My experience is that a majority are sincere
Posted by Sia on June 26, 2025, 11:30 am, in reply to "Far too often...." ADMIN
believers who embrace Christ and all of his messages of salvation, faith, and security.
It is more-so the BIG MOUTHS on social media who jaw on and on about "their faith" and what's wrong with you and your thoughts who are as you've described. Even amongst them, there are still "true believers" who simply suck at trying to bring outsiders into "the fold" by behaving in truly sh*tty ways that most are offended by because they think that THEY are special and RIGHT and everyone else is grossly mistaken and at risk of eternal damnation.
I was brought up by solid Christians whose beliefs including SHOWING why life was better as a believer. By LIVING their beliefs that showed calm and reassurance in Christ even in the worst of circumstances so that they were like "lights in the darkness". By being a light in the mutual darkness, others wanted to know what they had that allowed them to be unworried and confident that they'd be fine no matter what happened. NOT that all would work out for the (human version) of good, but that no matter the circumstances, their faith would sustain them.
Those are the Christians whom I know in REAL life and there are hundreds of them that I personally know.** They are NOTHING like the frauds who peddle their own versions on these and other boards where they use FEAR to motivate others to listen rather than example to cause others to want what they have.
**The problem that I have is that belief is non-volitional and I lost my belief in the Christian doctrine years ago. The stories are just absurd on multiple levels. The biggest being WHY God would have condemned his children to eternal damnation for being naive and fooled by the serpent HE put into the garden and KNEW would trick them.
THEN having to send "his son" to die for their sins so they could be forgiven instead of simply FORGIVING THEM for being the imperfect beings that HE created imperfectly!
It makes NO SENSE. If God is this "perfect, all loving being", then WHY is he so full of jealously, hatred, anger, retribution, and a complete inability to forgive even his OWN children without a blood sacrifice in the form of his own "perfect son/self"?
Our human fathers are certainly NOT perfect and often made mistakes, but how many of them would cast us out into the world, naked, alone, and at risk when we've screwed up, then demand that we make a blood sacrifice to be accepted back home again? Not many, that's for sure!
So, I'm an Agnostic. I don't believe nor disbelieve in God(s). I am open to one or more existing. I simply do NOT believe the Christian bible stories anymore for those and so many other reasons.
You could say that I'm open to any and all spiritual ideas and am inclined to believe that there is SOME form of greater being(s) out there. I just don't know who or what they might be or if they even know or care that we exist.
not saying that those who are, are not sincere in their beliefs. I just think many have been misguided in their beliefs, largely through the culture and surroundings they have grown up in.
Imagine yourself (in a twist of fate) having been born to a family who is in Gaza right now... having been taught and grown up in the Muslim faith, and seeing your family, friends, children, neighbors and countrymen having their limbs blown off and starving right now... yet still believing, sincerely, that God will avenge and/or save you and yours... if not in this life, then in the next. Would you have a choice to believe otherwise? Would it be easier to perhaps have your beliefs altered after seeing something like that from afar, or from a different perspective maybe?
View of OT as history of how man screwed up relationship with God
The whole Adam Eve Serpent and Melania thing is Judaism. Christianity embraced it more as a history. But many call it the law and use it as a guide. That is for the convenience of condemning somebody, like a LGBTQ. Or a Democrat. Or a Liberal.
Mosaic law is laid out in Exodus, and especially Leviticus. It originated from Hammurabi. Some makes senses and some is ridiculous. Lawyers got involved. Bloated like US Code that requires a damn law library to house.
I am a believer. I don't limit that belief to only Biblical text, and that tends to put me at odds with the many loudmouth authorities who "speak" for God.
I don't proselytize. But I will discuss my beliefs with anyone curious to ask. Those who tell me I'm wrong, like the you know where crowd, are small and offensive. Nobody has that authority with belief. You can look away from a painting, but you can't listen away from a symphony
on June 25, 2025, 5:47 pm
