Wall Street Drops Fear of ‘Hot Commie Summer’ in Overture to Mamdani

New York City’s elite threw everything at Zohran Mamdani to stop him from becoming mayor: money, insults, scare tactics, and tweets.

The democratic socialist’s wealthy antagonists had decried his ascendance as the start of “hot commie summer.” Bill Ackman’s attacks were so relentless, Mamdani quipped on the Flagrant podcast last month: “He’s spending more money against me than I would even tax him.”