Why Mamdani? 2

(cont'd from yesterday's post)

Some thought that the specter of socialism was chased out of America by the fall of Russian communism, and by changing politics in the U.S. But it's still strong. It just won the election in NYC.

A quote in yesterday's post, "I'm a college student--and I want a future," comes from her belief that her financial future will be best under Mamdani's socialism. Billionaire Peter Thiel explains why she thinks that: he says "Capitalism Isn't Working for Young People." 

College student debt is a big factor. "Too many people go to college, they don't learn anything, and they end up with incredibly burdensome debt." In  2000, U.S. student debt amounted to $300 billion. Now it amounts to $2 trillion.

Housing, too, is way more expensive for younger generations (image is Grok-generated).

Thiel's interviewer cites evidence that Thiel is right: "Exit polling after Mamdani's victory shows that his voters were likely motivated by two things: high rent and student debt." 

from "Capitalism Isn't Working for Young People"