Yossi Schwartz ISL (RCIT in Israel /Occupied Palestine) 26.05.2026
A socialist revolution leads to the dispossession of the wealthy of their wealth, while an electoral victory of reformists/liberals will be met with a reaction by the capitalists that will overthrow the “socialist” regime in various ways, whether through financial means or a military coup. That’s what we’re seeing in New York right now.
Giant tycoons and hedge fund heads, led by Ken Griffin and Mark Rowan, have begun the process of leaving the city and moving thousands of jobs to destinations that are friendlier to their pockets.
The confrontation reached a boiling point after Mamadani posted a video on social media using Griffin’s luxury penthouse in midtown Manhattan, which was purchased for a record $238 million, as a backdrop for promoting a tax on vacation homes. Griffin, the founder of the hedge giant Citadel, called the mayor’s conduct “creepy” and announced that as a result he would significantly expand the company’s workforce in Miami at the expense of New York.
The investment giant Apollo Global Management, which manages assets worth $900 billion, is also not waiting. Economic experts warn that this is a targeted assassination of the mayor, as the top percentage in New York pays about half of the city’s income tax revenues for the money of the oppression.
Real estate tycoon Steve Roth, chairman of Varnado, also attacked the mayor’s measurements in a conversation with investors quoted by the New York Post. Roth compared the slogan “tax for the rich” to expressions of political hatred, saying it was an “irresponsible and dangerous” approach. Instead of making large employers and philanthropists a target, he said, the city should thank them for keeping the local economy alive. On the other hand, Mamadani continues to entrench himself in his position, arguing that the current system is “broken” and rewards extreme wealth at the expense of the working class.
But the imposition of a tax and without a mass revolution prepared in place of the social liquidation of the capitalists who will be forced to work for a living can only lead to the failure and demoralization of those who supported his election, even though he is part of the Democratic Party, the second head of the Hydra monster.
The correct position was to critically support Medani if he left the Democratic Party and run as a socialist, warning of his helplessness in the face of the power of the capitalists. Medani claims that he is continuing Eugene Debs and headed a Socialist Party. However, Debs opposed both capital parties and headed a Socialist Party. The centrists who claimed to be revolutionary socialists and joined the election of Medani were responsible for his expected failure and for his expected failure, and critical support on the condition that he broke with the imperialist Democratic Party. Mamdani’s failure undermines the need to establish a workers’ group loyal to the struggle against capitalism.
For a workers’ party in the U.S!