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oligarchy

Zohran Mamdani speaks.

Who’s Afraid of Zohran Mamdani? Billionaires

Oligarchs are furious that the nation’s capital of capitalism is in danger of serving people instead of megaprofits.

Norman Solomon
Jun 30, 2025

The Supreme Court’s first chief justice, John Jay, would have empathized with the billionaires who’ve been freaking out ever since Zohran Mamdani won the Democratic primary for mayor of New York last Tuesday. “Those who own the country ought to govern it,” Jay insisted. But now, oligarchs accustomed to such governance are furious that the nation’s capital of capitalism is in danger of serving people instead of megaprofits.

Meanwhile, among progressives, euphoria is especially fitting because the Mamdani campaign’s win was truly a people-powered victory, thanks to active efforts of 40,000 volunteers. In a city where registered Democrats outnumber Republicans 6-to-1, the Democratic nomination would ordinarily be a virtual guarantee of winning the general election. But the forces of oligarchy now mobilizing could disprove a claim that “Mamdani’s widespread appeal represents the total collapse of a Democratic Party establishment.”

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zohran mamdani
Bill and Judith Moyers. Bill Moyers.(Photo by JOEY MCLEISTER/Star Tribune via Getty Images)

Bill Moyers (1934-2025): The Oligarchy vs. The People

The religion of inequality—of money and power—has failed us; its gods are false gods. There is something more essential—more profound—in the American experience than the hyena's appetite. Once we recognize and nurture this, once we honor it, we can reboot democracy.

Bill Moyers
Jun 27, 2025

Common Dreams editor's note: The following essay was first published on our pages on September 12, 2016 and is republished today following news of Bill Moyers' passing on Thursday, June 26, 2025. Moyers was a longtime contributor, patron, and good friend to Common Dreams and we celebrate his life and work as much as we mourn his passing.

Sixty-six years ago this summer, on my 16th birthday, I went to work for the daily newspaper in the small East Texas town of Marshall where I grew up. It was a good place to be a cub reporter -- small enough to navigate but big enough to keep me busy and learning something every day. I soon had a stroke of luck. Some of the paper's old hands were on vacation or out sick and I was assigned to help cover what came to be known across the country as "the housewives' rebellion."

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Mayoral Candidate Zohran Mamdani Campaigns In NYC On Primary Day

Zohran Mamdani's Battle Against the Billionaire Class and Democratic Establishment Is Just Beginning

Noting that corporations, large landlords, developers, and donors "want to keep him out of the mayor's office," India Walton urged Zohran Mamdani's campaign to "stay ahead of the messaging and stay on doors."

Jessica Corbett
Jun 26, 2025

Democratic socialist Zohran Mamdani on Tuesday beat disgraced former New York Gov. Andrew Cuomo in the Democratic NYC mayoral primary—but progressives within and beyond the city don't expect the billionaire class and party establishment that lined up against him to give up so easily. Going into the general election, those who believe in Mamdani's vision are encouraging him and his supporters to maintain the momentum of the movement they've built.

"This is a foot-on-the-gas kind of moment," RootsAction senior strategist India Walton told Common Dreams.

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