While a good portion of the country was shocked, apparently New Yorkers were not, as the Democrat Primary for New York City Mayor this week saw Socialist candidate Zohran Mamdani trounce other contenders, garnering 44% of the ballots or 432,305 individual votes. The news was jarring to more traditional Democrats, some of whom supported former New York Governor Andrew Cuomo, in an attempt to return to elected politics, was rejected, getting 36% of the ballots or 361,840 individual votes. As it stands today, Mamdani will face Curtis Sliwa, the GOP candidate, and incumbent Eric Adams, running as an independent, in the general election this November.
To put things in perspective, prediction market Kalshi nailed it, anticipating a win for Mamdani.
In the general election, Kalshi currently has Mamdani at 72% for the win, with incumbent Eric Adams at a dismal 23%. If Cuomo runs as an Independent, he registers a mere 3%.
Granted, Cuomo was a weak candidate, haunted by his past scandals while running an ineffective campaign. But while competition may have been mediocre, Mamdani is proposing socialist policies, while advocating to defund the police and calling for globalizing the intifada. All of this on a slim resume, having just begun his term as a New York Assemblyman in 2021.
Socialism as an ideology has failed everywhere it has been attempted. This is indisputable. Many attempts devolve into authoritarian rule.
Although this is only a mayoral race, it is for the Mayor of one of the world’s greatest cities, home to a global financial center that generates an incredible amount of economic output for the country. Anyone with even a basic understanding of economics should be astounded.
Crypto entrepreneur and Facebook creator Tyler Winklevoss took to X last night to express his disdain for the primary outcome.
A lot of people have asked me if I will get involved in the NYC mayor race by supporting a candidate that can defeat Zohran Mamdani. TBH, I’m torn and undecided. Like every other city run by democrats, NYC is a broken kleptocracy. Taxes are astronomical and services are pathetic…
— Tyler Winklevoss (@tyler) June 26, 2025
Winklevoss said that it appears that the “Zoomers and Millennials need a refresher on the outcome of Marxism and socialism.”
Lambasting the “ideological insanity being taught in the private schools and universities,” Winklevoss labeled young Mamdani supporters as “indoctrinated NPCs” who “unironically exchange bromides and platitudes on the benefits of socialism over rosé brunches in the West Village.”
“Because their friends hate America and capitalism, they do too. It never dawns on them that their lifestyle and studio apartment that their parents subsidize are all made possible because of capitalism.”
Bitcoin Bull Anthony Pompliano took to X as well, hammering the “TikTokified brains” that voted for Mamdani.
Pompliano said that “capitalism is under attack.”
“These ideas are dangerous, so you better be prepared to protect your hard-earned economic value,” Pompliano declared.
Crypto entrepreneurs are not alone. Former Secretary of the Treasury under President Bill Clinton, and former President of Harvard, Larry Summers, stated:
“I am profoundly alarmed about the future of the [Democrat Party] and the country by yesterday’s NYC anointment of a candidate who failed to disavow a “globalize the intifada” slogan and advocated Trotskyite economic policies.”
It should come as no surprise that Florida is already bracing for another round of finance refugees relocating to Wall Street South – IE, Miami/Palm Beach.
Chatter on CNBC today suggested that, at least anecdotally, some affluent individuals who help pay for many of the New York City services through their taxes are already planning to relocate before the general election. They want to beat the rush.
While a Mamdani win in November is not inevitable and the situation could change come the fall, it is incredible that socialism and racism apparently are thriving in New York City, one of the world’s most vaunted capitalist and entrepreneurial hubs.
Tyler Winkelvoss summed things up on X:
“Sometimes the only way to learn something is to learn it the hard way.”