Mamdani's Win in NYC: Causes & Prospects for a Socialist Mayor
Economic Update with Richard D. Wolff
Democracy at Work
4.8 • 2.1K Ratings
🗓️ 22 July 2025
⏱️ 31 minutes
🧾️ Download transcript
Summary
This week on Economic Update, Professor Wolff discusses the following about Mamdani's victory in the New York City Democratic mayoral race: (1) how it happened, who voted for him and why; (2) the varieties of socialism and the long history of "municipal socialism" in the US and overseas, (3) possible socialist programs for a Mamdani mayoral administration; and (4) tax revenue possibilities to pay for socialist programs.
The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome, friends to another edition of Economic Update, a weekly program devoted to the |
| 0:26.1 | economic dimensions of our lives and those of our children. |
| 0:30.5 | I'm your host, Richard Wolfe. Before jumping into today's program, I have a bit of a special |
| 0:37.1 | announcement. |
| 0:38.3 | Partly it's about the shirt I'm wearing without the jacket because it's kind of warm here in New York City where this program is produced. |
| 0:47.3 | But more importantly, we've decided to do something different this summer. |
| 0:53.3 | We are going to finish our regular series of |
| 0:58.1 | programs and then switch starting July 21st. We'll still be producing economic updates, but not |
| 1:08.3 | in the way we have for the last 12 years. |
| 1:11.6 | We're taking the summer off and substituting programs that we call the best of economic |
| 1:18.9 | update. We've gone back and looked at those programs that you like the best, that |
| 1:24.6 | we like the best, that shows something about how American political |
| 1:30.0 | economy has shifted over the years for better and for worse. We've put these together |
| 1:37.2 | and we think you'll find them as interesting and provocative as we did in compiling them. |
| 1:44.1 | And then at Labor Day we will resume the regular |
| 1:47.2 | programming that you've become used to. What I'll be doing in the meanwhile? Working on |
| 1:54.4 | Democracy at Work projects, our book publishing program, our video productions, our writing of articles, but also |
| 2:04.5 | and particularly our new substack program. |
| 2:09.2 | And I urge you to take a look at it, very simply go to Democracy at Work.substack.com for all the substack kinds of activities of hours that you will find |
| 2:23.3 | there. Thank you for your understanding, and I look forward to hearing from you about how the best |
| 2:30.9 | of economic update strikes you all as well. |
| 2:37.0 | Today's program is devoted to an explosive event that happened here in New York City, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Democracy at Work, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Democracy at Work and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.