

SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
To donate by check, phone, or other method, see our More Ways to Give page.


Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
The most consistent project of elite politics is to cultivate resignation: Nothing can change, no one like you can win, best not to try. When that illusion breaks, even in a single city, it sends tremors outward.
Zohran Mamdani’s election in New York City is not simply a local upset. It is a breach in the ideological dam that has kept American politics safely contained for generations.
This victory is historic not because one office suddenly overturns entrenched power, but because it demonstrates that such power can be overturned at all.
For decades, political life in the United States has functioned as a managed marketplace in which both parties advertise different brands, yet deliver the same fundamental product: deference to private wealth, hostility to social investment, and a belief that the public should expect very little from its government beyond punishment and surveillance.
On Tuesday, that spell cracked.
Zohran's win feels like the beginning of the first meaningful challenge to the neoliberal consensus in a generation.
Mamdani won not by courting the wealthy, not by flattering real-estate interests, not by running a campaign tailored to the comfort of cable-news pundits.
He won by naming the obvious: that the city belongs to its people, not to absentee landlords; that housing, transit, childcare, food, and dignity are fundamental rights, not privileges; that a budget is a statement of who matters in society—and it’s long past time a city as wealthy as New York put working people first instead of billionaires and real-estate developers.
The bipartisan establishment will attempt to minimize this moment. They will continue to fund hysterical hit pieces designed to make people afraid of those challenging their rule. But their real fear is that this victory might prove contagious.
If New Yorkers can elect someone who openly challenges concentrated power, asks the wealthy to pay their share, and speaks in plain moral terms about economic justice, then perhaps Los Angeles can. Perhaps Cleveland, Minneapolis, Atlanta, and Kansas City.
The danger, from the perspective of those who currently command the political economy, is that people elsewhere may decide to stop begging for crumbs and begin organizing for a real seat at the table.
Power relies on a population convinced of its own helplessness. The most consistent project of elite politics is to cultivate resignation: Nothing can change, no one like you can win, best not to try. When that illusion breaks, even in a single city, it sends tremors outward.
Across the country, millions watching the election results saw something rare in American politics: Proof that a campaign rooted in solidarity can beat one rooted in capital. They saw a future in which the public is not a spectator to its own dispossession. They saw permission to believe in their own power.
They saw that politics need not be reduced to a stage-managed rivalry between corporations wearing different campaign colors.
As someone who saw this possibility in the presidential campaigns of Bernie Sanders, who saw our movement defeated by this same bipartisan establishment, this moment gives me a renewed faith in America's capacity to fight back against oligarchy. Zohran's win feels like the beginning of the first meaningful challenge to the neoliberal consensus in a generation.
And that is why this victory matters. Not because one candidate triumphed, but because a barrier was crossed. The belief that the public must endure austerity while wealth accumulates above it has lost its inevitability. The idea that the mass media can manufacture consent for a Wall Street-approved candidate every time has shattered.
The attacks on Mamdani were relentless these past few months. But their hollow and desperate efforts failed. The majority didn't buy it, and they went to the polls to send Andrew Cuomo packing.
For the first time in a long time, the message is simple and electrifying:
The people can win. And if they can win here, they can win anywhere.
Any success he achieves as mayor will be due to the strength of the movement that prevailed in the primary and continued to grow for his election in November.
On November 4, New York City voters delivered a resounding YES vote to elect Zohran Mamdani as mayor of the largest US city. The final results (yet to be certified) gave Mamdani 50.4% of the vote to Andrew Cuomo’s 41.6% and 7.1% for Republican Curtis Sliwa.
To a great extent, the election was over after Mamdani smashed the Democratic Party establishment by trouncing disgraced New York ex-Gov. Cuomo in the June 24 primary: Mamdani 56% to Cuomo 43%
Mamdani’s primary campaign benefited from “Ranked Choice Voting,” which enables candidates to endorse one another in a coalition to eliminate a candidate perceived as a danger to their shared values. In the June primary, five candidates, led by Mamdani, united to defeat the corrupt Cuomo. In particular, the cross endorsement of Mamdani by NYC Comptroller Brad Lander, who is prominent in the Jewish community, helped to deflect attacks accusing Mamdani of anti-Semitism.
The 34-year-old Mamdani projected confidence, discipline, and a sense of humor. When he called for a rent freeze in January, he welcomed the New Year on a Coney Island beach by plunging into the freezing ocean. Mamdani was fully clothed in his signature blue suit and tie! Videos of this stunt went viral. Since then, he has produced hundreds of short, punchy social media posts throughout the primary and final election push.
A winning candidate that calls out our broken, rigged economic system (just like Bernie Sanders) sets the stage for more “paycheck populists” in the 2026 congressional midterms.
The most compelling aspect of Mamdani’s campaign has been his platform's bold specificity. Unlike most candidates who talk in platitudes about values, integrity, and what they are against. Mamdani has put forward very specific policy goals:
Mamdani’s platform has been attacked by the elites as fiscally impossible. He has proposed paying for the increased costs of services by raising the corporate tax rate, and levying a 2% tax on the wealthiest 1% of New Yorkers; those earning above $1 million per year annually.
While Mamdani’s proposals clearly resonated with New York voters, winning elections takes more than a specific program: It requires a strong organization and cadres out in the field knocking on doors. In Mamdani's case, he had 45,000 volunteers in the primary, with grassroots enthusiasm expanding for the final election to 87,000 volunteers. It’s the largest grassroots campaign in New York City's history. At the core of Mamdani’s support are members of the New York’s Democratic Socialists of America (DSA) chapter. Mamdani has been an active member of the chapter and won his election to the New York Assembly with support from the group.
The labor movement with a few exceptions played it safe in the June primary and supported the traditional Democrat, Cuomo. But Mamdani’s smashing victory caused a quick pivot among NYC’s most powerful labor organizations—Teachers, municipal employees, Teamsters, and service workers. Mamdani’s campaign now lists 22 union endorsements.
As Mamdani’s election began to appear very tenable, the attacks magnified. President Donald Trump and the billionaires have been running a full range of attack ads accusing Mamdani of anti-Semitism for his unflagging support for Gaza and bashing him as naïve and inexperienced because of his populist and “unreasonable socialist” program.
With Mamdani’s victory comes the challenges of governing and delivering on his ambitious platform. While it’s unlikely that New York’s billionaires will all relocate to Texas to avoid higher taxes, it’s very likely that there will be strong political resistance among traditional elected Democrats in New York’s state government, which has purview over NYC taxation and spending decisions. That is why Mamdani has made it clear that the army of campaign volunteers cannot be demobilized. They must remain ready to attack any locally elected state representatives who try to thwart Mamdani’s agenda in the state legislature.
Mamdani’s win stands as an example in the midst of the rising anti-worker, anti-people authoritarianism of New York native Donald Trump. While New Yorkers are generally considered very liberal, the fact that Mamdani’s message of taxing billionaires to make life affordable for the 99% reverberated so well with New York’s struggling working class is an important lesson for other aspiring Democrats. A winning candidate that calls out our broken, rigged economic system (just like Bernie Sanders) sets the stage for more “paycheck populists” in the 2026 congressional midterms.
A second lesson for Democrats is that the mayor of the second-largest Jewish metropolitan area in the world (after Tel Aviv) is an outspoken critic of genocide and a practicing Muslim progressive!
Finally, this election creates an opportunity for unions in NYC to grow. Will Mamdani’s explicit endorsement of labor translate to using his municipal power to reinforce union power? Will New Yorkers see T-shirts inscribed with “Mayor Mamdani Wants You to Join a Union!”? Especially challenging will be if his policies could help bring justice to the enormous number of misclassified workers in the “gig” economy.
Mamdani will have a four-year term as mayor. Every Republican and corporate Democrat will do everything possible to ensure he fails to discredit his socialist platform. Any success he achieves as mayor will be due to the strength of the movement that prevailed in the primary and continued to grow for his election in November. If that movement stays mobilized, continues to grow, and delivers for New York’s working class, it will be an inspiring political model that our labor movement should support and attempt to replicate in other US metropolitan areas.
This piece originally appeared in the Stansbury Forum blog.
One social media user wrote that the hedge fund executive Bill Ackman "went from acting like Mamdani was going to import ISIS to extending a friendly handshake… in like six hours."
After his resounding election victory on Tuesday night, New York City Mayor-elect Zohran Mamdani's most prominent billionaire antagonist immediately pivoted to kiss the ring of the man he has spent the last more than half-year portraying as an existential threat to the city and the country.
Hedge fund manager Bill Ackman poured over $1.75 million into the mayor's race with a laser focus on stopping Mamdani, whom he often ambushed with several-thousand-word screeds on his X account, which boasts nearly 2 million followers. He accused Mamdani—a staunch critic of Israel—of "amplifying hate" against Jewish New Yorkers, while suggesting that his followers (which happened to include many Jewish New Yorkers) were "terror supporters."
Meanwhile, the billionaire suggested that the democratic socialist Mamdani's "affordability" centered agenda, which includes increasing taxes on corporations and the city's wealthiest residents to fund universal childcare, free buses, and a rent freeze for stabilized units, would make the city "much more dangerous and economically unviable," in part by causing an exodus of billionaires like himself.
In turn, Mamdani often invoked Ackman's name on the campaign trail, using him as the poster boy for the cossetted New York elite that was almost uniformly arrayed against his candidacy. In one exchange, Mamdani joked that Ackman was "spending more money against me than I would even tax him."
After Mamdani's convincing victory Tuesday night, fueled in large part by his dominant performance among the city's working-class voters, Ackman surprisingly did not respond with "the longest tweet in the history of tweets" to lament the result as some predicted. Instead, he came to the mayor-elect hat in hand.
"Congrats on the win," he told Mamdani on X. "Now you have a big responsibility. If I can help NYC, just let me know what I can do."
Many were quick to point out Ackman's near-immediate 180-degree turn from prophecizing doom to offering his help to the incoming mayor.
"This guy went from acting like Mamdani was going to import ISIS to extending a friendly handshake… in like six hours," noted one social media user.
But Mamdani graciously accepted the billionaire's congratulations when asked about them on Wednesday's "Good Morning America."
"I appreciated his words,” Mamdani said. "I think what I find is that there is a needed commitment from leaders of the city to speak and work with anyone who is committed to lowering the cost of living in the city—and that’s something that I will fulfill."
As Bloomberg and Forbes noted, Ackman was just one of many on Wall Street and from the broader finance world who came to kiss the ring.
Ralph Schlosstein, a co-founder of the investment fund BlackRock, Inc., pledged to work with Mamdani despite their different politics: "I do care deeply about the city, and I’m not going anywhere, whoever the mayor is. I’m going to do whatever I can to help him be successful," he said.
Another former BlackRock executive, Mark Kronfeld, said: "Is it a dystopian, post-apocalyptic environment because Mamdani has won? No."
Crypto billionaire Mike Novogratz even credited Mamdani with "tapping into a message that’s real: that we’ve got a tale of two cities in the Dickensian sense," and asked if the incoming mayor could "address the affordability issue in creative ways without driving business out."
But while Mamdani has left the door open to business, he has made it clear that he will not allow them to commandeer his work at City Hall.
After his victory, he called on his base of largely small-dollar donors to resume their financial support for him in order to fund "a transition that can meet the moment of preparing for January 1.”
He announced that this historic all-female transition team will include at least one renowned titan of economic populism, the trust-busting former Federal Trade Commission Chair Lina Khan, as well as other progressive city administrators with backgrounds in expanding the social safety net and public housing.
"I’m excited for the fact that it will be funded by the very people who brought us to this point," Mamdani said, "the working people who have been lost behind by the politics of the city."