Billionaire Boy Club: The Battle Against Zohran Mamdani's Quest for New York Mayor

John Jay, the inaugural chief justice of the Supreme Court, would likely resonate with the anxieties of billionaires since Zohran Mamdani’s recent Democratic primary victory for New York City mayor. Jay asserted that “those who own the country ought to govern it,” yet now, elite interests feel threatened by a potential shift towards prioritizing the populace over mere profits. Among progressives, excitement flourishes, reflecting the grassroots triumph powered by 40,000 active volunteers. Typically, the Democratic nomination in a city with a six-to-one Democrat to Republican ratio ensures election success. Nonetheless, powerful oligarchs rally to counter claims of the Democratic establishment’s decline, complicating Mamdani’s path.As Andrew Cuomo and incumbent Mayor Eric Adams vie for votes, the consolidation of donor support could occur, possibly uniting behind a common candidate. Hedge-fund manager Bill Ackman expressed outrage over Mamdani's rise, claiming his policies threaten New York City's economic stability, signalling that affluent interests are strategizing against emerging progressive forces.