No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, March 17, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

What Would Hayek and Mises Think about Mamdani?

by TheAdviserMagazine
4 months ago
in Economy
Reading Time: 3 mins read
A A
What Would Hayek and Mises Think about Mamdani?
Share on FacebookShare on TwitterShare on LInkedIn


Zohran Mamdani won the November 2025 election, becoming the first Democrat Socialist Shia Muslim mayor of New York City. He campaigned to implement a city rent freeze, increased city property tax on majority white neighborhoods, lower city property tax on black and brown neighborhoods, free bus fare to all riders, city-owned bodegas (small food stores) operating as non-profits, etc. Many of his voters like the idea of free stuff not realizing nothing in life is free.

If Friedrich von Hayek and Ludwig von Mises were alive in 2025, they would have some insightful thoughts for Zohran on the realities of socialism’s history. One particular set of thoughts from Hayek and Mises are captured here. Their writings contain many economic thoughts to refute Zohran’s socialism proposals. Hayek died in 1992. Mises died in 1973. Zohran was born in 1991 and is probably not aware of or read any writings by Hayek or Mises.

The Berlin Wall fell in November 1989 and was part of Communism’s fall in many central and eastern European countries that showed the multi-decade failure of Communism intertwined with socialism in each nation’s economy. This lesson of history is lost on Mamdani’s acolytes.

Hayek wrote in “The Intellectuals and Socialism,” “The socialist will, of course, see in this merely a proof that the more intelligent person is today bound to become a socialist.” He continues,

In particular, socialist thought owes its appeal to the young largely to its visionary character; the very courage to indulge in Utopian thought is in this respect a source of strength to the socialists which traditional liberalism sadly lacks…. What appeal to him are the broad visions, the specious comprehension of the social order as a whole which a planned system promises.

Mamdani’s broad visions to bring a socialist utopia through a planned system of city-owned bodegas and free bus rides to the five boroughs of New York City flies in the opposite direction of the reality of life of high apartment rent, high city bus fares, high city business regulations, high grocery prices, etc. These socialist utopia thoughts are great in his acolytes’ minds, but grate against the daily New York City individual economic realities. Hayek’s socialism insight is so true among the young.

Mises wrote in Interventionism: An Economic Analysis,

Under socialism all economic matters are the responsibility of the state. The government gives orders in all lines of production just as in the army or in the navy. There is no sphere of private activity, everything is directed by the government.

In Mamdani’s utopian vision, city central planners,

…will create a network of city-owned grocery stores focused on keeping prices low, not making a profit. Without having to pay rent or property taxes, they will reduce overhead and pass on savings to shoppers. They will buy and sell at wholesale prices, centralize warehousing and distribution, and partner with local neighborhoods on products and sourcing.

History shows government-owned and -operated grocery stores usually lack basic commodities for sale like beef, sugar, milk, bread, etc., individual product quality is low, and the government stores have little to no competition from other non-city-owned and -operated grocery stores. Look no further for examples in Cuba, North Korea, and Venezuela.

My sympathies go out to New Yorkers who see this part of Mamdani’s utopian plans as perverse. His centrally-planned utopia will be approved by many city council members and implemented by many city employees. The legacy of central planners will leave New Yorkers and the city hollowed out in ways we cannot imagine. The Big Apple will be more rotten at its core.



Source link

Tags: HayekMamdaniMises
ShareTweetShare
Previous Post

Powering the Future of Energy

Next Post

AI Tax Tools for Small Businesses 

Related Posts

edit post
Rothbard Never Abandoned His Principles

Rothbard Never Abandoned His Principles

by TheAdviserMagazine
March 17, 2026
0

It is often observed that Rothbard’s political opinions were controversial, especially in his later years when he forged an alliance...

edit post
The Canals Behind the War

The Canals Behind the War

by TheAdviserMagazine
March 17, 2026
0

Many people are looking at the conflicts in Gaza and Iran strictly through the lens of religion, terrorism, or regional...

edit post
Market Talk – March 16, 2026

Market Talk – March 16, 2026

by TheAdviserMagazine
March 16, 2026
0

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 68.46 points or -0.13% to...

edit post
Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so

Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so

by TheAdviserMagazine
March 16, 2026
0

Treasury Secretary Scott Bessent said Monday that the administration has no plans to intervene in financial markets and may not...

edit post
Is Another Stone Age in the Making?

Is Another Stone Age in the Making?

by TheAdviserMagazine
March 16, 2026
0

When a monster military like the US circles its prey for possible attack, very little can go wrong. Painful lessons...

edit post
Popular Interest Rate Theory Describes but Fails to Explain

Popular Interest Rate Theory Describes but Fails to Explain

by TheAdviserMagazine
March 16, 2026
0

According to much popular economic thinking, there are three factors determining the market interest rates. The first is liquidity, the...

Next Post
edit post
AI Tax Tools for Small Businesses 

AI Tax Tools for Small Businesses 

edit post
New York City business leaders are split on whether to relocate their firms to avoid Mayor-elect Zohran Mamdani’s policies

New York City business leaders are split on whether to relocate their firms to avoid Mayor-elect Zohran Mamdani’s policies

  • Trending
  • Comments
  • Latest
edit post
Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

February 24, 2026
edit post
7 States Reporting a Surge in Norovirus Cases

7 States Reporting a Surge in Norovirus Cases

February 22, 2026
edit post
2025 Delaware State Tax Refund – DE Tax Brackets

2025 Delaware State Tax Refund – DE Tax Brackets

February 16, 2026
edit post
The Growing Movement to End Property Taxes Continues in Kentucky, And What It Means For Investors

The Growing Movement to End Property Taxes Continues in Kentucky, And What It Means For Investors

March 2, 2026
edit post
Who Is Legally Next of Kin in North Carolina?

Who Is Legally Next of Kin in North Carolina?

February 28, 2026
edit post
Gasoline-starved California is turning to fuel from the Bahamas

Gasoline-starved California is turning to fuel from the Bahamas

February 15, 2026
edit post
Episode 252. “I’m 35, in debt, and spend everything I make”

Episode 252. “I’m 35, in debt, and spend everything I make”

0
edit post
Women over 60 who say they’ve never been more confident didn’t suddenly find self-esteem—they all stopped performing these 7 things that most women are taught to maintain from adolescence onward

Women over 60 who say they’ve never been more confident didn’t suddenly find self-esteem—they all stopped performing these 7 things that most women are taught to maintain from adolescence onward

0
edit post
Predictive Consumer Gifting Behaviour & Seasonal Retail Trends

Predictive Consumer Gifting Behaviour & Seasonal Retail Trends

0
edit post
Policy changes scare clients — but they won’t tell advisors

Policy changes scare clients — but they won’t tell advisors

0
edit post
Trump’s Iran War looks improvised. It isn’t. Here’s the playbook he’s been running for decades

Trump’s Iran War looks improvised. It isn’t. Here’s the playbook he’s been running for decades

0
edit post
TME Earnings Miss: Q4 EPS of alt=

TME Earnings Miss: Q4 EPS of $0.23 Falls Short of Estimates

0
edit post
Rothbard Never Abandoned His Principles

Rothbard Never Abandoned His Principles

March 17, 2026
edit post
Episode 252. “I’m 35, in debt, and spend everything I make”

Episode 252. “I’m 35, in debt, and spend everything I make”

March 17, 2026
edit post
TME Earnings Miss: Q4 EPS of alt=

TME Earnings Miss: Q4 EPS of $0.23 Falls Short of Estimates

March 17, 2026
edit post
Trump’s Iran War looks improvised. It isn’t. Here’s the playbook he’s been running for decades

Trump’s Iran War looks improvised. It isn’t. Here’s the playbook he’s been running for decades

March 17, 2026
edit post
Early Adopters Begin Activating Shards on the Bitcoin Everlight Network

Early Adopters Begin Activating Shards on the Bitcoin Everlight Network

March 17, 2026
edit post
Women over 60 who say they’ve never been more confident didn’t suddenly find self-esteem—they all stopped performing these 7 things that most women are taught to maintain from adolescence onward

Women over 60 who say they’ve never been more confident didn’t suddenly find self-esteem—they all stopped performing these 7 things that most women are taught to maintain from adolescence onward

March 17, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Rothbard Never Abandoned His Principles
  • Episode 252. “I’m 35, in debt, and spend everything I make”
  • TME Earnings Miss: Q4 EPS of $0.23 Falls Short of Estimates
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.