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Tyler Cowen: Why Won’t Socialism Die?
“Socialism is surging because American society has turned more negative,” writes Tyler Cowen. (Illustration by The Free Press, images via Getty)
The simple explanation is that people like free stuff. What’s actually happening is a nationwide case of bad vibes.
By Tyler Cowen
07.09.25 — Tyler Cowen Must Know
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Why are so many young people today turning to socialism?

By socialism I mean an economic system where the government nationalizes the means of production—if not in all industries, at least in some critical ones. But as we shall see, many of those attracted to socialism these days may be more attached to negative vibes about the status quo than any particular economic system.

This is most evident in the recent New York City electoral results of Zohran Mamdani, who did very well in the Democratic primary for mayor and is polling well ahead of sitting mayor Eric Adams and former governor Andrew Cuomo. Among other things, Mamdani has called for government-run grocery stores, rent freezes, and free buses.

These pronouncements have not created a scandal with his supporters; indeed, they have occasioned tremendous enthusiasm.

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Tyler Cowen
Tyler Cowen is Holbert L. Harris Professor of Economics at George Mason University and also Faculty Director of the Mercatus Center. He received his PhD in economics from Harvard University in 1987. His book The Great Stagnation: How America Ate the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better was a New York Times best-seller. He was named in an Economist poll as one of the most influential economists of the last decade and Bloomberg Businessweek dubbed him "America's Hottest Economist." Foreign Policy magazine named him as one of its "Top 100 Global Thinkers" of 2011. He co-writes a blog at www.MarginalRevolution.com, hosts a podcast Conversations with Tyler, and is co-founder of an online economics education project, MRU.org. He is also director of the philanthropic project Emergent Ventures.
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Zohran Mamdani
Socialism
History
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