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Other people’s money
TheNewCriterion.com ^ | December 2025 | The New Criterion

Posted on 11/20/2025 10:44:51 AM PST by E. Pluribus Unum

On the election of Zohran Mamdani in New York’s mayoral race.

We wonder if Zohran Mamdani, New York’s thirty-four-year-old socialist mayor-elect, is familiar with the wit and wisdom of Margaret Thatcher. We know that he has gone to the school of Frantz Fanon, the author of The Wretched of the Earth (1961) and an apologist for violence as a “liberating force,” since Mamdani wrote his senior thesis at Bowdoin College on Fanon and that progenitor of modern revolutionary sentiment, Jean-Jacques Rousseau.

Thatcher, our readers will recall, was the prime minister of Great Britain from 1979 to 1990. She is widely credited as being the individual who, more than any other, rescued the United Kingdom from the economic disaster into which decades of social-democratic acquiescence had plunged the once-prosperous nation. She did this by reinstituting free-market policies, breaking the stranglehold of public-sector unions, and returning many government-run industries to private hands. One of Thatcher’s most famous mots was the observation that “The problem with socialism is that you eventually run out of other people’s money.” The hard school of experience—what the French polymath Laplace referred to as expériences nombreuses et funestes—suggests that Thatcher was correct. Whenever and wherever socialist policies are put into practice, general immiseration follows. And it follows, as Polonius said in another context, as the night the day.

Mamdani has given no evidence that he has taken Thatcher’s bit of practical wisdom on board. Born in Uganda to a wealthy family, he came to America in 1999 so that his father could take up a teaching post at Columbia University. Mamdani père sits in the Middle Eastern, South Asian, and African Studies Department—home to such radical apologists as Rashid Khalidi. The notoriously anti-Western spirit of that redoubt seems to have made a deep impression on Mamdani fils. His...

(Excerpt) Read more at newcriterion.com ...


TOPICS: Politics/Elections
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1 posted on 11/20/2025 10:44:51 AM PST by E. Pluribus Unum
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To: E. Pluribus Unum

Funded by like-minded billionaires foreign and domestic, Mamdani is not going to run out of money.


2 posted on 11/20/2025 10:55:57 AM PST by PGalt (Past Peak Civilization?)
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To: E. Pluribus Unum
In this case running out of other people's money is a feature not a bug.

It is a revolutionary tactic to create a crisis.

3 posted on 11/20/2025 11:00:22 AM PST by Salman (It's not a slippery slope if it was part of the program all along.)
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To: E. Pluribus Unum

I have a certain amount of contempt for writers who include foreign language terms in their work. I understand they might feel that an English term just might not give the exact feeling they’re attempting to evince, but I also think they’re projecting more than a little snobbery and elitism. But that’s just me.


4 posted on 11/20/2025 11:11:15 AM PST by Flaming Conservative ((Pray without ceasing))
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