“The global economy is getting a hardware refit and trying out a new operating system—in effect, a full reboot, the likes of which we have not seen in nearly a century,” he wrote in The Atlantic last week. “To understand why this is happening and what it means, we need to abandon any illusion that the worldwide turn toward right-wing populism and economic nationalism is merely a temporary error, and that everything will eventually snap back to the relatively benign world of the late 1990s and early 2000s.” The intraparty crosscurrents were highlighted recently when Mamdani, a self-described democratic socialist who was endorsed by Ocasio-Cortez, stunned the Democratic establishment last month when he won New York City’s primary with a platform that includes making bus service free, freezing rents on rent-stabilized apartments, nearly doubling the minimum wage to $30, building city-owned grocery stores, and hiking taxes on the top 1% of earners in the city.
Author: Jason Ma
Published at: 2025-07-06 22:20:01
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