Business Rundown: Zohran Mamdani’s Rise–and What It Could Mean for American Politics

In just a few days, New York City, the world’s business capital, will have a new mayor, Zoran Momdani.

The self-described democratic socialist platform includes free buses, universal childcare, and city-run grocery stores.

Prominent Democrats hesitated to support Momdany in New York City’s mayoral race.

Since his victory, Republicans nationwide have been raising red flags about his policies. Some of these ideas may appeal to residents of one of America’s most expensive cities.

However, critics fear his use of class warfare tactics and promotion of reliance on the government may harken back to the early stages of other failed or even destructive political movements in world history.

FOX Business’ Lydia Hu speaks with Dr. Eric Patterson, the President and CEO of the Victims of Communism Memorial Foundation in Washington, D.C., to discuss his organization, the dangers of ‘class warfare’ rhetoric and policies, and why he fears Mamdani’s popularity could signal a shift in American politics.