Socialist Mayoral Candidates Spark Concern Over Proven Policy Failures

As socialist candidates Omar Fateh in Minneapolis and Zohran Mamdani in New York City gain traction, concerns are rising over their proposed policies that have historically led to economic challenges. John Stossel highlights Mamdani's plans for "fast and free" buses, a $30 minimum wage, and rent control, arguing these measures are fraught with issues. Stossel points out that public transport, often seen as a government responsibility, was initially built by private companies in New York. Government intervention led to inefficiencies and cost increases, with subway fares rising from 5 cents to $2.90. Similarly, high minimum wages in California resulted in job losses and price hikes, while rent control in Saint Paul stifled new construction, leading to its rollback. Stossel questions why Mamdani and other socialists believe their policies will succeed when similar efforts elsewhere have failed, citing examples like Illinois and California's financial struggles. He emphasizes the need for learning from past mistakes to avoid repeating them, urging caution as these candidates move toward potential mayorships.

Published: 8/17/2025