@businessinsider: Zohran Mamdani became mayor of New York City on a simple, focused economic platform: fast and free buses, universal childcare, cheaper groceries, and a rent freeze. His supporters envisioned him ushering in a fresh economic order. His critics feared the worst — a cabal of heavy-handed leftists who would plunge the city into fiscal chaos. A year after Mamdani's election, New York's economy doesn't look like the stuff of socialist dreams — or capitalist nightmares. Zohranomics is unfolding at a piecemeal pace, Business Insider’s Emily Stewart writes. Like his predecessors, Mamdani is dedicating a lot of time and resources to housing. He orchestrated a rent freeze on 1 million rent-stabilized apartments — one of his most controversial and impactful moves so far, though not unique to his administration. Mamdani is governing like a leftist populist with the instincts of a city operations nerd — but his biggest economic bets are yet to be made, Stewart writes. Take a closer look inside the New York City Mayor's slow-motion economic revolution on Business Insider. (Credit: Getty Images; Business Insider)

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2026-11-03 16:26:26

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