New York City Mayor Zohran Mamdani has ushered in a significant shift in the city's economic development approach, prioritizing 'economic justice' over traditional business interests. The move has left some business leaders feeling sidelined and demoted, with the elimination of the deputy mayor for economic development role sparking concerns that their voices won't be heard.
Mamdani has announced plans to take on bad landlords and hold "rental rip-off hearings," cracking down on deceptive pricing practices. He's also named Julie Su, a former labor secretary, as his point of contact with business leaders, advising them to welcome stricter enforcement on bad actors.
While some argue that the mayor's approach is too adversarial, others see it as necessary to address income inequality and protect the rights of workers. Mitchell Moss, an urban policy expert, notes that "capitalism is in the bloodstream of New York" and should be harnessed, not fought.
However, business leaders like John Catsimatidis are worried about losing their influence at City Hall, with some questioning who they'll contact now. Catsimatidis has expressed frustration, stating he's no longer sure who to reach out to within the administration.
The mayor's pledge of 'economic justice' may be seen as a departure from his predecessor Eric Adams' pro-business approach. While it remains to be seen how this shift will play out, one thing is clear: New York City's business community will need to adapt to this new era of economic development.
Mamdani has announced plans to take on bad landlords and hold "rental rip-off hearings," cracking down on deceptive pricing practices. He's also named Julie Su, a former labor secretary, as his point of contact with business leaders, advising them to welcome stricter enforcement on bad actors.
While some argue that the mayor's approach is too adversarial, others see it as necessary to address income inequality and protect the rights of workers. Mitchell Moss, an urban policy expert, notes that "capitalism is in the bloodstream of New York" and should be harnessed, not fought.
However, business leaders like John Catsimatidis are worried about losing their influence at City Hall, with some questioning who they'll contact now. Catsimatidis has expressed frustration, stating he's no longer sure who to reach out to within the administration.
The mayor's pledge of 'economic justice' may be seen as a departure from his predecessor Eric Adams' pro-business approach. While it remains to be seen how this shift will play out, one thing is clear: New York City's business community will need to adapt to this new era of economic development.
Mamdani's got my back when it comes to renters' rights. He should crack down on those scammers who're taking advantage of people in need 
I'm not sure why business leaders are getting so worked up, they should be welcoming stricter regulations that benefit the community too 
... back in my day, we used to call it good old-fashioned common sense 
. I mean, who doesn't want to protect the rights of workers and make sure everyone's getting a fair shake? It's about time some backbone was brought into City Hall.
. This new approach might ruffle a few feathers, but if it means people are actually getting help instead of just lining the pockets of the 1% 
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. And yeah, let's be real, Eric Adams was all about letting the fat cats run wild, so this shift is kinda long overdue.
. I mean, think about it - the city's economic development should be for everyone, not just the wealthy folks who already have a leg up. The idea that business leaders were feeling left out and demoted is kinda rich, but it's also super valid. They've been calling the shots for years, and now it's time for someone else to speak up 
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. I mean, I get what he's trying to do, but can't we just work with the existing business leaders instead of pushing them out? 
doesn't that just create more tension and problems down the line? 
I'm all for a fair deal, but shouldn't we be looking at ways to uplift everyone, not just pitting workers against businesses? 
. I mean, wouldn't it be great if there was someone looking out for the little guys? But some business leaders are all salty because their pals might lose influence 
. That being said, the city's rent prices have skyrocketed by 73% during the same period 
! It's clear that something needs to be done about it.
– can you imagine how many people are affected by deceptive pricing practices? 
. Either way, I'm keepin' an eye on how this plays out... 
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. I mean, back in the day, you could just, like, go talk to Eric Adams and he'd hook you up with some sweet city deals 
. Now, it's all about this "economic justice" thing, which sounds like a bunch of malarkey to me 
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. Do we really want to make it even harder for them to succeed? 
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. I'm still holding out for the days when you could just get a decent slice of pizza and talk shop with some buddies 
mamdani's all about holding bad landlords accountable and making rent more affordable, which sounds like a solid move to me 
might sound extreme, but i'm just saying, economic justice is kinda important 