Announcing New York City’s newly “balanced” budget back in June, Mayor Zohran Mamdani invoked the words of the Austrian economist Friedrich Hayek: “If socialists understood economics, they wouldn’t be socialists.”
Socialists understand their own version of economics. As socialism becomes full blown communism, those in power live like kings. Everyone else owns nothing and is unhappy.
Socialists understand their own version of economics. As socialism becomes full blown communism, those in power live like kings. Everyone else owns nothing and is unhappy.
The socialist miracle will continue until Mamdani runs out of other people's money.
Well, at least they are consistent