Commentary

Capitalism v. Mamdani: The Battle Ahead

By Betsy McCaughey
Wednesday, September 17 2025

As Zohran Mamdani rides frontrunner status in the final seven weeks before the mayoral election, he's moving rapidly to the left. Despite efforts by the business community to build bridges with Mamdani, he is ratcheting up his anti-capitalist rhetoric, equating profit with greed, rolling out plans for massive tax hikes, and refusing to share any information on who might serve in his administration. In an interview with Errol Louis on Sept. 8 at Columbia University, Mamdani laid out his radical two-pronged tax hike plan: "One, by raising the state's top corporate tax rate ... and two, by raising…

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