I know Bill personally, and we have been to dinner many times. He spoke at one of our conferences back in the 1990s, and back then, he was not so neoconservative. However, more recently, he attempted to influence the 2020 election by trying to force it into the House of Representatives to uphold the establishment.
Most recently, Bill Kristol made headlines for “endorsing” Zohran Mamdani, the communist New York City mayoral candidate. Kristol downplayed Mamdani’s potential impact, stating:
> “He’s not going to destroy it, I don’t think. He’s gonna set up five silly government-run grocery stores, I guess. I don’t think he even will do that [inaudible]. And so they’ll be fine. So there’ll be some grocery store somewhere and it won’t be as good as the privately run ones, and it will go out of business in three years and it’ll be a little bit of a waste of taxpayer money, you know? Or it’ll be harmless, you know? And so people—I do think the right’s reaction to Mamdani has been a little hysterical. He’s a very impressive politician. I don’t know that he’s going to be a very good mayor. He’s 33 years old, he’s never run anything. They’re good people who could work for him though, in New York.”
However, Kristol’s assessment downplays the destructive power Mamdani could unleash on the city of New York. The consequences will extend far beyond a few failed grocery stores. Capital is already fleeing what was once a great city.
Zohran Mamdani’s policies could mark the beginning of the end for New York City—and potentially for democracy in America. If a candidate with his views had run even a decade ago, the world likely would have dismissed him outright.
The extremist views from the left have pushed many voters to support the most radical candidate, even if they dislike or fail to understand those views. Socialists thrive on increased taxation to fund the welfare state, which forms their voter base. They rely on creating a population utterly dependent on big government to maintain control. To a socialist, equality means everyone is equal in poverty.
Mamdani has not only advocated raising property taxes but has also suggested that “wealthier and predominantly white neighborhoods” in New York City should disproportionately shoulder the majority of the tax burden. This raises a critical question: why would anyone want to conduct business in an environment hostile to capitalism? Why would anyone not dependent on welfare choose to live in a system that punishes productivity?
Capital shifts inevitably alter society. As Wall Street firms migrate to Miami, the combination of government overreach, tax burden redistribution, welfare expansion, and the collapse of civic order drives capital flight. The mere fact that someone like Mamdani is considered a viable candidate is enough to accelerate this exodus. Confidence collapses when the money runs dry.
An intriguing historical pattern emerges when examining New York City’s financial crises. The 309.6-year cycle, marked by NYC’s brink of bankruptcy in 1975, aligns precisely with the city’s founding year of 1665. This suggests that New York City may face a sharp downturn between 2026 and 2051—a period six years after the 1975 crisis.
Blue states, in particular, are at risk of succumbing to big government socialism. Just like Ponzi schemes that seem great at the beginning but inevitably collapse, excessive government promises and fiscal irresponsibility often lead to ruin.
The future of New York City—and perhaps the country—depends on confronting these challenges before the decline becomes irreversible.
https://www.armstrongeconomics.com/international-news/politics/bill-kristol-for-mamdani/
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