Business Rundown: Zohran Mamdani’s Rise And The “Socialism Threat”

Democratic nominee Zohran Mamdani continues to hold a significant lead in the New York City mayoral polls, despite business leaders warning that his progressive policies could spark an exodus of both companies and residents.

His platform includes tax hikes on top earners, rent freezes, and promises like free buses and free childcare.

His popularity in our country’s largest city highlights the concern that capitalism is losing popularity. A Gallup poll from last month indicates that only 54% view capitalism favorably, down from 60% in 2021.

Meanwhile, 39% of Americans–in that same poll–say they have a positive perception of socialism.

Despite a track record of failed experiments worldwide, voters and lawmakers appear to be warming to socialism-inspired policies; for example, up to 18 states have experimented with universal basic income programs.

FOX Business Network’s Dave Asman joins Gerri Willis to discuss his new four-part series, “The Socialism Threat,” which examines the failures of socialism in the past and how governments are now trying to reverse the economic damage done.