The Corporate Democrat’s Biggest Nightmare

He’s on the way to becoming mayor of New York City

Friends,

Leave it to the Democratic Party to snatch an existential crisis from the jaws of electoral victory.

The stunning success of 33-year-old Zohran Mamdani, a self-described democratic socialist, in the race for New York City mayor is causing anguish in the Democratic Party.

It’s one thing for Trump to call Mamdani “a 100% Communist Lunatic.” That’s to be expected from the vulgarian-in-chief. It’s another for Matt Bennett, co-founder of the centrist Democratic group Third Way, to warn that Mamdani’s “affiliation with the (Democratic Socialists of America) is very dangerous.”

Dangerous for whom? Bernie Sanders nearly won the Democratic primary for the 2016 presidential election after announcing he was a democratic socialist — and probably would have won had the Democratic National Committee not torpedoed him.

Lawrence Summers, treasury secretary under former Democratic President Barack Obama, says the New York City results make him “profoundly alarmed about the future of the (Democratic Party) and the country.”

Well, I’m profoundly alarmed, too — by just this kind of vacuous statement. If polls are to be believed, the current Democratic Party doesn’t have much of a future. Mamdani and other young politicians with the charisma to connect with the people and a willingness to take on corporate America and Wall Street may be the only way forward for the Democrats.

Nor has the mainstream media greeted Mamdani’s upset victory with much enthusiasm. The Associated Press writes that “the party’s more pragmatic wing cast the outcome as a serious setback in their quest to broaden Democrats’ appeal.”

Pragmatic wing? Since when has the corporate establishment of the Democratic Party distinguished itself by its pragmatism or its quest to broaden Democrats’ appeal? If it were pragmatic — in the sense of wanting to win elections and fire up the base — Democrats would not have lost the House, Senate, and presidency in 2024.

Meanwhile, Jeff Bezos’s Washington Post editorializes that “Democrats should fear that [Mamdani] will discredit their next generation of party leaders, almost all of whom are better than this democratic socialist.”

Bezos — who controls the content of the Post’s editorial page as he sucks up to Trump and is now occupying vast swaths of Venice for his wedding with Lauren Sanchez — is not the most credible source of wisdom when it comes to the identity of the Democrats’ next generation of party leaders.

Not surprisingly, the Post criticizes Mamdani’s proposals for a 2 percent annual wealth tax on the richest 1 percent of New Yorkers and for increasing the state’s corporate tax rate from 7.25 percent to 11.5 percent: “Mamdani’s tax plans would spur a corporate exodus and drive more rich people out of town, undermining the tax base and making existing services harder to maintain.”

It’s the same argument we’ve heard for 40 years: If you raise taxes on corporations and the wealthy, you’ll drive them away — from your city, your state, your nation.

Rubbish. The reality is that if you invest in your people — in their skills, education, affordable child care, affordable elder care, and the infrastructure needed to link them together — they’ll be more productive, and their higher productivity will attract corporations (and the wealthy). A major way to afford all these things is to raise taxes on corporations and the wealthy.

Mamdani is the corporate Democrat’s biggest nightmare — a young, charismatic politician winning over Democratic voters with an optimistic message centering on the cost of living. Putting together a multiethnic and multiracial coalition backed by a sprawling grassroots campaign that brings out enormous numbers of volunteers. Savvy in social media. Aiming to fund what average people need by taxing corporations and the rich.

Instead of wringing their hands over him, Democrats should follow his lead.

The largest force in American politics today is antiestablishment fury at a system rigged by big corporations and the wealthy to make them even richer and more powerful.

The corporate Democratic establishment — fat cats on Wall Street, corporate moguls in c-suites, billionaire backers of Democrats who will do their bidding, and the big-named Democrats who endorsed Andrew Cuomo — are the biggest problem for the party. They are standing in the way of its mounting a forceful response to Trump and providing a blueprint for the future.

Trump is killing the economy, fueling inflation with his tariffs, reducing the U.S. government to rubble, and destroying our relationships with our allies. He’s readying another giant tax cut for the wealthy and big corporations — this one to be financed by cuts in Medicaid, food stamps, and other things average people need, along with trillions more in national debt.

My old friend James Carville advises Democrats to “roll over and play dead.” With due respect to James, Democrats have been rolling over and playing dead too long. That’s one reason the nation is in the trouble we’re in.

If Democrats had had the guts years ago to condemn big money in politics, fight corporate welfare, and unrig a market that’s been rigged in favor of big corporations and the rich, Trump’s absurd bogeymen (the deep state, immigrants, socialists, trans people, diversity-equity-inclusion) wouldn’t have stood a chance.

My simple advice to congressional Democrats: Wake the hell up. According to polls, most Americans don’t want a Trump Republican budget that slashes Medicaid, food stamps, and child nutrition in order to make way for a giant tax cut mostly for the wealthy.

Most don’t want tariffs that drive up the prices they pay for food, gas, housing, and clothing. Most understand that tariffs are taxes paid by American consumers. Most don’t want a government of, by, and for billionaires. Most believe in democracy and the rule of law and don’t want Trump trampling on the Constitution, acts of Congress, and federal court orders.

Not only should Democrats be making noise about all this, they should stop relying on so-called “moderates” to speak for them. The nation is in clear and present danger. Democrats must stand up for American ideals at a time when the Trump regime is riding roughshod over them.

Democrats need Zohran Mamdani and other young politicians with fight in their hearts and rage in their bellies who can show that Trump is bad for working people and terrible for America and the world, and who can point the way forward.

We need a new generation of leaders who are the voices of democracy, freedom, social justice, and the rule of law. A new generation that gives meaning to the “we” in “we the people.”

Instead of fretting over Mamdani, the Democratic Party should embrace him as the future.