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Telemann1's avatar

The victory by Mamdani offers lessons to the Democratic Party in terms of how to campaign, and the value of real and meaningful goals rather than vaporous ideology. However it's not good news if he wins because he apparently regards the private sector as a milch cow to support his initiatives. That suggests that under his leadership New York would likely go into financial crisis - as has typified social Democratic regimes except pre-1980s Nordic nations.

Although FDR was not a socialist, the exigencies of the Great Depression and leftist advisors moved him to overwhelming emphasis on government initiatives. They were efficiently run and did much good, but consumed much of the nation's GDP. FDR maintained antagonistic relations with industry that provided most of societal income and jobs. As a result, the nation remained in depression until the Japanese attack on Pearl Harbor. At that point FDR and industry dropped hostilities, and the president of GM was placed in charge of the war productiodn effort. The nation experienced the greatest surge in GDP in history - over 40% in three years.

Mamdani has shown no sensitivity to this history.

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Sarah F's avatar

Can we get a decent breakdown of this bill everyone is screaming about? I need an honest assessment of what is in it.

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