Mamdani: These Past Months Show that Socialists Have Solved Years of Capitalists’ Mismanagement

TRANSCRIPT:

MAMDANI: "And we raise taxes on the wealthiest New Yorkers, instead of taking more from those with the least. Throughout this process I have been reminded of the words of the Austrian economist Friedrich Hayek. If socialists understood economics, they wouldn’t be socialists. If these past months have shown us anything, it's that socialists not only understand economics just as well as the capitalists who came before, but that we can solve their years of mismanagement through an embrace of our principles."