Alert! New York City Is About to Elect a Marxist/Socialist |
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'The philosophers have only interpreted the world, in various ways. The point, however, is to change it.” -- Karl Marx, words written on his tombstone in Highgate Cemetery, London.
In the 1930s, sitting in an Italian prison, Marxist philosopher and journalist Antonio Gramsci wrote in his “Prison Notebooks” that the best way to overthrow Western democracies was not by violent revolution, but by infiltrating the culture of the West, taking over the media, education, corporate boards, legislatures, non-profits, and Hollywood.
That’s exactly what the Marxists have done and we are now seeing the effects. For a whole generation, American children (and immigrant families) have been brainwashed in high school and college and are now voting for candidates who favor socialist policies across the country, especially in the big cities of New York, Chicago, San Francisco and Los Angeles.
On Tuesday, New York Democrats overwhelmingly voted for Zohran Mamdani, who may well become the next major of New York City, the first Muslim-Indian to do so. Unfortunately, the charismatic Zohran is also a Marxist who has been endorsed by the Democratic Socialists of America, and socialists Bernie Sanders and Alexandria Ocasio-Cortez.
His slogan is “Fast and free buses, freeze the rents, free childcare,” all to be paid for by taxing the rich (even more). Mamdani is also pro-Palestine and supports transgender rights.
He won the Democratic nomination with 43.5% of the vote, far ahead of Andrew Cuomo, who garnered 36.4%.
The results could be a disaster for New York if Mamdani’s policies are implemented. I would not be surprised if successful entrepreneurs and major corporations pack their bags and join thousands of other millionaires and billionaires who have already moved to Florida, Texas and other low-tax states.
Don’t Underestimate the Influence of Karl Marx
For decades, socialism and Marxist ideology have been all the rage outside the United States, resulting in nationalization of industries, import substitution laws and confiscatory taxation.
But the United States has resisted these socialistic intrusions. The Henry Ford $5 a day story shows why. In January 1914, Henry Ford announced that the Ford Motor Company would share its record profits with Ford employees by more than doubling the minimum wage, and allowing workers for the first time to buy the cars (Model Ts) they were making. The pay raise made headline news around the world.
In one day, Henry Ford destroyed the two biggest argument Marx and the Marxists had against capitalism: exploitation and alienation. Fordism became a hiss and a byword among Marxists.
In his book “Capitalism in America,” Alan Greenspan says that the Adam Smith model of free-market economics -- not Karl Marx’s -- best symbolizes American exceptionalism and why the United States became the most powerful nation on wealth.
But now Karl Marx is giving Adam Smith a run for his money in America. In his new book, “Karl Marx in America,” Marxist historian Andrew Hartman argues that Marxism is making a comeback in the United States. I’m reading the book while on the Forbes cruise in Europe.
Your editor reading “Karl Marx in America” on the Forbes cruise.
Interestingly, the pro-capitalist Forbes magazine was started in 1917, the same year of the Bolshevik Revolution in Russia. The battle of ideas continues even to this day!
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The Real Reason Trump Delayed His “Independence Day” Tariffs Did you know there is a secret government oversight group assigned to watch over the U.S. economy and markets? It was created 37 years ago by President Reagan. And it is the real reason President Trump delayed his Independence Day tariffs?
It sounds like a conspiracy theory, I know, but it’s not. You can judge for yourself by watching this interview. |
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Hartman makes the case that socialism better addresses the issues of inequality, discrimination and environmental degradation than the traditional capitalist model.
Who’s Winning the Battle of Ideas?
Of course, I argue that Adam Smith’s “system of natural liberty” is the ideal model for a prosperous and successful America: maximum liberty within the rule of law and robust competition.
A shortened version of my book "The Making of Modern Economics” (available at https://skousenbooks.com) was translated recently into Arabic. In this book, Adam Smith is clearly the hero and much better than the other two, John Maynard Keynes and Karl Marx... but when the designer made up the cover of the Arabic dustjacket, guess who's on top?
Karl Marx! Indeed, Marxism is popular in the Middle East...and apparently among Democrats in New York!
The battle of ideas is never ending. As Ronald Reagan said, “Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free.”
Upcoming Debate at FreedomFest on 'Marxism in America'
I’m happy to announce that John Mackey, former CEO of Whole Foods Market and author of the bestseller, “Conscious Capitalism,” will return to FreedomFest to debate Marxist Professor Andrew Hartman at next year’s FreedomFest.
John will take the affirmative in the statement, “Resolved: Karl Marx’s critique of capitalism is fundamentally flawed; free-enterprise capitalism is the greatest system ever invented to fulfill the needs of most members of society.”
Hartman, a full-blown Marxist, will argue the opposite, that capitalism is a fatally flawed system and should be replaced by Karl Marx’s vision of a socialist society. As he states in his book, “Colossal corporations felt free to act in ways that benefit their immediate profit margins while also severely damaging the health of the world’s largest economy.”
The sparks will fly!
'Early Bird' Discount Limited to First 400 to Sign Up
Mark your calendars now for July 8-11, 2026, at Caesar’s Forum in Las Vegas. Take advantage now of our early bird discount ($400 each). This fee is limited to the first 400 attendees to sign up. After that, the price will go up to $450. Register here: https://freedomfest.swoogo.com/vegas2026
Ben Franklin as the Father of American Capitalism
In my new book, I show that founding father Benjamin Franklin is as relevant today as he was 250 years ago.
In today’s debate between socialism and capitalism, he would land on the side of Adam Smith in support of limited government and free trade. Franklin defended the rich, and encouraged all citizens to be financially independent and not dependent on government welfare. Franklin wrote, “A virtuous and industrious people may be cheaply government.” And “The system of America is commerce with all and war with none.” I have 22 chapters on Franklin’s defense of American capitalism. |
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C-SPAN Book TV’s Peter Slen Interviews Me
At FreedomFest, Peter Slen interviewed me about my Franklin book. It’s expected to appear on C-SPAN Book TV on July 5.
Buy My New Book and Get a Free Rare Franklin Stamp!
The U.S. Post Office has issued more Franklin stamps than any other, with the possible exception of George Washington. In 1947, they issued a stamp with both Washington and Franklin together, a true rarity.
Over the years I’ve collected a large number of Franklin stamps. See below inside “The Compleated Autiography.”
Each autographed copy of THE GREATEST AMERICAN will include a rare Franklin stamp, making my book a collectible!
Order your copy today at a discount of $24 each ($19 for additional copies) at www.skousenbooks.com. I autograph every copy and will include a rare Franklin stamp with each book. All books are mailed free of charge inside the United States. (Note: I’ll fulfill all orders when I return on July 2 from the Forbes cruise.)
Good Investing, AEIOU,
Mark Skousen
Doti-Spogli Endowed Chair of Free Enterprise, Chapman University
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Newsletter and trading services
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Extreme Environmentalists Stop Rebuilding After Hawaiian Fires By Mark Skousen
Editor, Forecasts & Strategies
Nearly two years ago, in August 2023, the wildfires in the Hawaiian island of Maui destroyed 2,173 homes, businesses and other structures, amounting to $6 billion in losses in Lahaina alone.
Since then, only six (!) houses have been rebuilt, even though the Hawaiian Supreme Court has approved $4 billion in government assistance to rebuilt the island.
How is this possible? As City Journal recently reported, “A crushing regulatory burden and anti-growth policies have stymied efforts to rebuild homes and businesses lost in the 2023 wildfires.”
Maui suffers from deep political dysfunction: “The Maui County Council has nine seats, split five-to-four between rival visions for the future. One side wants to keep Maui rural and closed to outsiders, consequences be damned. The other recognizes that allowing luxury tourism is the best way to expand the economy quickly and pay for public services... a hostile regulatory environment has kept homebuilding from keeping pace with population growth. The only homes that do get built are typically large vacation properties for global elites, as those are the only projects that can turn a profit.”
In contrast with Hawaii, a week after the L.A. wildfires broke out, Governor Gavin Newsom exempted all rebuilding from California Environmental Quality Act (CEQA) and Coastal Waters Act reviews and directed state agencies to identify ways to expedite permitting. Let's hope that makes a difference.
Hawaii needs help. One of my subscribers who lives in Maui wrote: “Since the federal government has spent billions and billions on the Maui fires (mostly wasted money), I am hopeful that the federal government could put pressure on Maui County to stop road blocking the rebuild and squelching owners rights to rebuild.”
Is anyone listening in Washington?
Good investing, AEIOU,
Mark Skousen |
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About Mark Skousen, Ph.D.:
Mark Skousen is an investment advisor, professional economist, university professor, author of more than 20 books, and founder of the annual FreedomFest conference. For the past 40+ years, Dr. Skousen has been investment director of the award-winning newsletter, Forecasts & Strategies. He also serves as investment director of four trading services: TNT Trader, Five Star Trader, Low Priced-Stock Trader, and Fast Money Alert. |
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