The Fox News Rundown Business Rundown: Zohran Mamdani's Rise And The "Socialism Threat"
Oct 3, 2025
David Asman, a former Fox Business anchor and host of the series 'The Socialism Threat', joins the discussion to explore the rising popularity of socialism in America, spurred by candidates like Zohran Mamdani. Asman warns about the implications of Mamdani's progressive policies, which might trigger an exodus of businesses and residents. He emphasizes the historical failures of socialism and advocates for capitalism as a means to foster opportunity and wealth. The conversation also touches on market dynamics, AI investments, and the distinct nature of the current housing crisis.
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Rising Appeal Of Socialist Policies
- Zohran Mamdani leads NYC polls while proposing tax hikes, rent freezes, and free services that worry business leaders.
- A Gallup poll shows favorability for capitalism fell to 54% while 39% view socialism positively, signaling shifting public sentiment.
Socialism Concentrates Power, Not Equality
- David Asman argues socialist systems concentrate power in an elite while impoverishing the majority.
- He claims special programs often remain for elites while general opportunity declines under socialism.
Gifted Programs As A Path Out
- Asman recounts Mamdani's background and Bronx High School of Science to argue elites still access special programs.
- He says many students in gifted programs come from poor neighborhoods and such programs enable upward mobility.