An Open Letter to Mayor-Elect Mamdani, a Political Moderate
The social democratic countries in Europe and other countries, including Canada, have long had much broader social safety nets that go far beyond what you have proposed. There's a deeper reason the oligarchy does not like you.
Dear Mayor-elect Mamdani,
It should not come as a surprise to alert citizens that your decisive victory in the Mayoral race has prompted your opponents – the privileged super-rich and their indentured servants in City Hall – to label you as an “extremist,” “radical,” or, in Trump’s view, a “communist.” How ludicrous! Your affordability agenda is hardly immoderate. Many Democratic politicians have taken these positions over time.
Free bus fares exist in some municipalities in the U.S., including Kansas City, Missouri, Tucson, Arizona, and Alexandria, Virginia. Proposing half a dozen city-run grocery stores in New York City’s “food deserts” (meaning a geographic area with limited access to affordable, healthy food options) is hardly radical. You could even have them structure these stores as consumer cooperatives (owned by consumers). Food co-ops have existed in numerous communities in the U.S. for years. Your rent stabilization proposal is not uncommon – many large cities have rent controls to protect powerless tenants from avaricious landlords, especially from today’s very large corporate landlords with their fine-print contract peonage. Also, there are cities in the U.S. offering partially publicly subsidized child care. New Mexico just launched a statewide universal child‑care program.
The social democratic countries in Europe and other countries, including Canada, have long had much broader social safety nets that go far beyond what you have proposed.
What the oligarchy and large corporations really do not like about you is that you are projecting a consistent and wide-ranging voice for the people, the workers, the poor, and the powerless in the corridors of political power of City Hall. They have had long-game statism, or a corporate state, at the local, state, and federal levels, with little opposition by the two-party duopoly.
Regarding your self-description as a democratic socialist, that doesn’t pass the laugh test. You are not arguing for nationalization of banks and insurance companies, utilities, not even, to our knowledge have you called for a “public bank,” which has existed so effectively in North Dakota (now a Republican stronghold) founded in 1919.
Indeed, President Donald Trump has become a corporate socialist par excellence. As The New York Times reported on November 25, 2025, (“$10 Billion and Counting: Trump Administration Snaps Up Stakes in Private Firms”) the Trump administration has de facto partly nationalized an array of private companies for ulterior political motives under the contrived banner of national security. The companies include Intel, U.S. Steel, Westinghouse, MP Materials, Vulcan Elements, and MP Materials. This invites bribery by other means, i.e., a Trump donation in exchange for an administration sweetheart investment. The fabled Central Intelligence Agency now features a venture capital firm, In-Q-Tel, ostensibly to fund commercial technologies to fortify the U.S. intelligence community and the Department of Defense. But under Trump, partisan political motives likely will inform the CIA’s investment portfolio.
As for taking a stand on pending legislation ending the unconscionable daily electronic rebate of tens of millions of dollars in stock transaction taxes (a progressive tiny sales tax of one tenth of one percent on stock sales), you have been AWOL despite urgings by your numerous colleagues in the state legislature to sign on to a bill that would end the rebate and specifically allocate the many billions of dollars annually to mass transit, education, health care and environmental protection.
So far, your silence has put you to the RIGHT of former Mayor MICHAEL BLOOMBERG. During his presidential run in 2020, he said:
“Harness the power of the financial system to address America’s most pressing challenges. Introduce a tax of 0.1% on all financial transactions to raise revenue needed to address wealth inequality, and support other measures – such as speed limits on trading – to curb predatory behavior and reduce the risk of destabilizing “flash crashes.”
Note, Bloomberg goes beyond a sales tax on STOCK transactions to include all financial transactions (such as bonds and derivatives).
In addition, a New York Times op-ed of April 17, 2000, by ROBERT E. RUBIN – big banker and former Treasury Secretary under Clinton – wrote, urging increasing revenues, “on a highly progressive basis, for example, by increasing corporate taxes, restoring individual rates, repealing pass-through preferences, AND IMPOSING A FINANCIAL TRANSACTIONS TAX (our emphasis).”
Some reporters may wish to ask you, “Why, as a democratic socialist, are you to the RIGHT of Bloomberg and Rubin when it comes to tiny sales tax mostly on Wall Street’s high-frequency stock trades?”
As for your plans to expand the housing supply in New York City to make housing more affordable, all kinds of efforts are underway to do this around the country, including in the California high-priced housing market.
Check out the National Cooperative Bank in Washington, D.C., which provides loans to consumer co-op models in the housing, food, and other areas of economic activity. The Bank was established in 1978 with our support, by the Carter Administration, and then spun off by the Reagan regime. It might be useful in funding your housing and grocery store initiatives.
There is one more example in which you are conventional. So far, you are part of the class of public servants, which we have described as “incommunicados” when it comes to working closely with progressive civic leaders and citizen groups. (See The Incommunicados by Ralph Nader and Bruce Fein https://incommunicadoswatch.org/). Put simply, it is too hard for many progressive advocates to get through to you or your top aides. You may wish to assign a staffer as a liaison to these groups whose ideas, experience, and endurance can be of signal assistance to what will probably be a turbulent tenure.
Be guided by the adage that “NONE OF US ARE AS SMART AS ALL OF US.”
May you succeed and put forces in motion throughout the state and country of a deliberative democracy in successful action with sound civic engagement. The cardinal pillar of a democracy, worthy of the name, is JUSTICE, for without justice there is no freedom and liberty for the people.
We anticipate your considered response.
Sincerely,
Ralph Nader
Bruce Fein
