Treasury Secretary Scott Bessent warned that left-wing figures like New York City Mayoral Candidate Zohran Mamdani are gaining traction among young voters who have grown skeptical of the system, comparing the situation to “Caracas on the Hudson” and arguing that the antidote is broad-based ownership and economic stakeholding.
U.S. Treasury Secretary Scott Bessent sounded the alarm on growing socialist appeal among young Americans, particularly in New York, during a policy discussion with Breitbart News, citing State Assemblyman Zohran Mamdani as a key example.
“Why are we on the verge of Caracas on the Hudson in New York? Why is this guy getting traction? Because people, young people, are disillusioned with the system,” Bessent stated … Bessent warned that the real solution to rising socialist sentiment isn’t more government control, but giving working Americans real ownership and a stake in the system … [Breitbart 7-30-25]
Insightful points. Many young people look at our corrupt, mostly government-run pressure group warfare elite socialist Communist globalist oligarchy as the definition of free market capitalism. Wrong.
In reality: We are a grotesque hybrid of socialism plus profit for the politically connected (who take a 75 percent cut of the redistributd loot). If these little New York Communists think that all-out, unhampered Communism is the alternative to the status quo, based on precisely the same Communist principles that govern our present Uniparty Establishment, they will experience the greatest trauma in human history when an open Marxist-terrorist takes over New York City. Because the fall from America to Soviet-Mao command-and-control collectivism will be much harder than the adjustment to Communism people in already poor, miserable countries had to make.
Many of us are trying to warn them. But in places like New York City, they are not listening.