Mamdani has a ~70% approval rating, and a long list of wins, New York City is doing phenomenal. There is strong evidence this was a contributing factor in more democratic socialist being elected across the country (“Mamdani Effect”), including the mayor of LA. If you think it isn’t, well, you’re ignoring reality. That’s a choice. Do so at your own peril.
In this specific context around auto manufacturing, it is clear there is no competition, and US tariff policy is keeping competition out to benefit legacy auto management and their shareholders. We could flip the switch on tariff policy, and they would immediately have competition, but they can’t handle it. The evidence is clear they are already doing poorly for the US consumer, and they have no intentions to change.
https://newrepublic.com/post/217572/dsa-candidates-won-elect...
Old people, fond of capitalism, keep dying every day, and young people who believe in socialism keep entering the electorate. Only time will tell, but rough trajectory is clear. The time to prepare for the next election cycle has already begun.
[–] _heimdall 12 hours ago
[–] toomuchtodo 11 hours ago
Typically, the people who complain about socialism and communism are the ones looking for a right to exploit others under an economic system for their own economic gain, as socialism and communism would cram down what these exploiters would be able to achieve while achieving a more solid floor under the poorest and most disadvantaged. A tale as old as time.
If capitalism is so good, why is everyone so unhappy and suffering while a select few get and stay wealthy, mostly out of luck and/or inheritance?
[–] _heimdall 11 hours ago
Exploitation is always a challenge. As you said, those today often yelling for capitalism are actually wanting to exploit those not paying attention or small enough to he steamrolled. In socialism, its those at the top that end up exploiting the rest of the country.
Mamdani's approval rating is beside my point. My point was simply that we have a current example of a government in the US attempting to nationalize (well its in a city but I don't know what that form of the term would be) a portion of an industry and it already ran aground. The publicly owned version can be run not for profit, meaning it beats a competition in price. Either the competition all leave or the state ends up having to subsidize their entire profit margin so they can compete.
People can approve of Mamdani and the city as a whole can be doing very well under his leadership. That doesn't change the outcome of the grocery store program of the topic.
I do agree though, time will tell if this fresh round of socialism fairs better than past attempts. History shows it fails miserably every time it is attempted, if the US were to make it work they would be the first.