Message behind Mamdani should worry investors, CEOs and politicians
Zohran Mamdani’s win on the back of support from young voters shows how anger over intergenerational inequality will fuel policies that hurt markets and business.
For Australian investors who follow the circus that is finance Twitter, it’s been hard to miss Zohran Mamdani’s campaign for New York City mayor.
Iconic Wall Street investors, including Bill Ackman and Cliff Asness, have heavily criticised Mamdani’s self-confessed socialist policies, including rent control, city-owned grocery stores and universal child care, and the higher taxes on rich people and businesses that he plans to use to pay for them.
Loading...
James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
