• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Mamdani’s inauguration fuels debate over Gen Z shift toward socialism, away from free markets

by January 2, 2026
written by January 2, 2026

New York City’s new mayor wasted little time drawing ideological lines, using his swearing-in ceremony to double down on campaign promises filled with government-led solutions — a sharp contrast with free-market principles Republicans warn are increasingly under threat amid an evolving understanding of socialism among younger audiences.

‘We will draw this city closer together,’ Zohran Mamdani, a socialist, said at his ceremony on Thursday. ‘We will replace the frigidity of rugged individualism with the warmth of collectivism. If our campaign demonstrated that the people of New York yearn for solidarity, then let this government foster it.’ 

His aims were echoed by his supporters at his inauguration — including Rep. Alexandria Ocasio-Cortez, D-N.Y., one of the most progressive lawmakers on Capitol Hill.

‘We have chosen that over the distractions of bigotry and barbarism of extreme income inequality,’ Ocasio-Cortez said of Mamdani’s visions for government-led programs like universal child care.

Mamdani’s victory over independent candidate Andrew Cuomo was made possible in part by his stunning success among younger voters ages 18-29. Exit polling from the election’s results indicated he captured as much as 75% of that vote. 

Ronald Suny, professor emeritus of political science and history at the University of Chicago, said the support of younger voters for an openly socialist candidate didn’t come as a surprise.

‘Socialism has now become the catchphrase for the opposition to free-market or neoliberal capitalism, which is the idea that the market can do it all. Huge swaths of the lower and middle classes have not increased their well-being or their real incomes in the last 50 years,’ Suny said.

Suny believes younger audiences have embraced socialism as a way to describe an ideal — even if they don’t have a good sense of what socialism means in practice. That’s dovetailed with the rise of Mamdani and other progressives promising to use the power of government to create a more even playing field on issues like the cost of living, housing, transportation and healthcare.

It’s a semantic change, some argue.

Jason Palmer, co-founder of TOGETHER!, a youth-centered organization that promotes political engagement at the collegiate level, first noticed a change in the way students talked about socialism around three years ago.

‘I started noticing it about 2022 — and it’s really connected to affordability. A lot of young people feel like nothing is affordable to them. They can’t buy a house. One thing that came up a lot on the campaign trail is they can’t even afford to pay the rent deposit,’ Palmer said.

‘I’ve spoken to a lot of them, and I always ask them, ‘What does socialism mean to you?’ They say, ‘Well, I don’t know the official definition, but here’s what it means to me. It means equality, it means fairness, it means an even playing field with higher taxes on the rich, a more equitable society.’’

Rep. Byron Donalds, R-Fla., attributed shifts in how socialism is viewed to shortcomings in education.

‘Our K-12 system — we failed to actually educate people about the implications of economic policy and the way it overlays into cultural frameworks of societies,’ Donalds said. ‘[Socialism] empowers government, makes government be more heavy-handed, driving choices, as opposed to letting people do that.’

Donalds’ concern stems from his conviction that socialism is at odds with the principles of American freedom. In his view, it’s overly reliant on a top-down power structure.

‘It always leads to a destruction of liberties,’ Donalds said. ‘There has to be some omnipotent person at the top who makes all the decisions.’

Donalds pointed to the mass starvation and political repression of socialist regimes in Cuba, North Korea, China and Venezuela. 

Fellow Republican Rep. Maria Elvira Salazar, R-Fla., echoed similar alarm as she introduced a bill condemning the horrors of socialism earlier this year.

‘I represent district No. 27 in Miami, Florida — a bastion of hundreds of thousands of Cubans, Nicaraguans and Venezuelans who have fled, who have escaped from despicable horrors you cannot imagine produced by that ideology,’ Salazar said in a floor speech.

But Suny, who studies social change in socialist countries, believes that political framing in the U.S. has inadvertently contributed to a renewed interest in socialism. He argues that younger voters might find themselves unconvinced by a repeated emphasis on socialism’s most grievous failures and don’t see mass starvation in the cards when politicians float government-led child care programs or government-owned supermarkets.

‘[Critics] don’t emphasize elements like turning peasant countries into industrial countries, village countries into urban countries, teaching literacy to the whole population, a number of other things, right?’ Suny said.

Palmer, the co-founder of TOGETHER!, noted that shifting understandings of socialism may vary greatly regionally. He pointed out that Mamdani’s success in New York would likely prove less effective among young voters in Virginia, Pennsylvania or other states.

‘It does play differently with different audiences,’ Palmer said.

Polling by Gallup last year showed that approval surrounding capitalism sank nationally with younger audiences, while socialism’s standing rose. Only 31% of Democrats under 50 have a positive view of capitalism, a drop from 54% in 2010. 

Inversely, Gallup’s findings also showed that the favorability of socialism climbed among younger audiences. Notably, 49% of respondents between the ages of 18 and 34 said they held a positive view of socialism, while 46% said they held a negative view. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Iran crackdown rattles Middle East as analysts weigh US options short of military intervention
next post
Ukraine tricks Russia into paying $500K bounty for fake hit on Putin opponent: report

related articles

MIKE DAVIS: Red-state senators must pick up the...

February 12, 2026

Russia to suspend flights to Cuba as Trump...

February 12, 2026

Gabbard ends task force that aimed to reform...

February 12, 2026

Trump threatens ‘consequences’ after 6 House Republicans voted...

February 12, 2026

Only one House Dem voted in favor of...

February 12, 2026

6 House Republicans defy Trump on key agenda...

February 12, 2026

Trump meets Netanyahu, says he wants Iran deal...

February 11, 2026

Mike Tyson in the ‘fight of my life’...

February 11, 2026

Trump to host ‘Clean Beautiful Coal’ event, calls...

February 11, 2026

Israel joins Board of Peace ahead of Netanyahu-Trump...

February 11, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Biden missing in action as Turkey inches closer to full-blown war against US-allied Kurds in Syria

    December 20, 2024
  • Lindsey Graham strikes back at John Kelly’s ‘fascist’ comment about Trump: ‘Desperate’

    October 27, 2024
  • Ethereum price is close to forming a new weekly high

    August 23, 2024
  • Senate forces rare weekend vote to push through Kristi Noem as Homeland Security chief

    January 25, 2025
  • GORDON SONDLAND: I was wrong about Trump and Democrats can’t stand it

    October 31, 2024

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,892)
  • Investing (1,019)
  • Stock (974)

Latest Posts

  • Lawmakers cheer Trump’s JFK files release: ‘Restoration of the people’s trust’

    March 19, 2025
  • HHS downsizing begins amid RFK Jr. ‘Make America Healthy Again’ push: ‘Win-win for taxpayers’

    April 1, 2025
  • Tale of two conventions: GOP united behind Trump while Dems in disarray

    July 15, 2024

Recent Posts

  • When it comes to ID, it’s time to get REAL

    May 1, 2025
  • Palestinian official predicts Trump will ‘destroy’ Iran, leading to breakdown of remaining Hamas cells: report

    December 31, 2024
  • New watchdog report shatters Biden-Harris narrative about ethics, ‘transparency’: ‘Just a myth’

    October 31, 2024

Editor’s Pick

  • ‘Stunning and brave’: Dem senator mocked after hyping all-nighter stunt in protest of Trump nominee

    February 7, 2025
  • Trump says he could deploy US military in American cities, claims ‘courts wouldn’t get involved’

    October 29, 2025
  • Harris-Trump showdown: VP continues to dominate this crucial campaign metric days before 2024 election

    October 25, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock