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You are here: Home1 / Articles2 / The Economy

Can Social Democracy Save Capitalism – Again?

January 2, 2026/in Politics, The Economy, Urban Affairs

Zohran Mamdani’s inauguration this week as New York City mayor is a moment of reckoning for those who care about preserving the American way of life. As a matter of policy, Mamdani mostly represents a continuation of the lifestyle and identity Leftism of recent decades, rather than a turn to traditional socialism. Yet it’s a telling indicator that his pseudo-socialist message has resonated so deeply with many young New Yorkers, tracking a broader shift toward urban radicalism. Read more

https://joelkotkin.com/wp-content/uploads/2025/12/President_Lyndon_B._Johnson_Signing_of_the_Immigration_Act_of_1965.jpg 675 1200 Joel Kotkin /wp-content/uploads/2017/01/jkotkin_logo.png Joel Kotkin2026-01-02 11:15:162025-12-31 19:15:37Can Social Democracy Save Capitalism – Again?

New York is Becoming the Next London, Home Only to Immigrants and the Super-rich

December 15, 2025/in Demographics, The Economy, Urban Affairs

The election of Zohran Mamdani as mayor of New York – alongside the victory of similarly hard-Left candidates in other mayoral races – has left some predicting that urban America will inevitably fall into a “doom loop” of decline, with an exodus of the super-rich leaving cities in the control of a resentful lower class. Yet in reality, the socialist takeover will prove no great win for the working class. If anything, it leaves the haute bourgeoisie even more the masters of places like Gotham than before.

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https://joelkotkin.com/wp-content/uploads/2025/12/NYC-mamdani-aGray.jpg 675 1200 Joel Kotkin /wp-content/uploads/2017/01/jkotkin_logo.png Joel Kotkin2025-12-15 07:25:092025-12-14 09:56:56New York is Becoming the Next London, Home Only to Immigrants and the Super-rich

California Job Cuts Will Hurt Gavin Newsom’s White House Run

December 11, 2025/in California, Politics, The Economy

California Governor Gavin Newsom loves to describe his state as “an economic powerhouse”. Yet he’s far more reluctant to acknowledge its dramatically worsening employment picture. According to new outplacement figures, Golden State employers announced over 170,000 job cuts this year, up 14% from last year. More than 75,000 of these cuts were made in the all-important tech sector.

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https://joelkotkin.com/wp-content/uploads/2025/12/cagov_newsom-speech.jpg 675 1200 Joel Kotkin /wp-content/uploads/2017/01/jkotkin_logo.png Joel Kotkin2025-12-11 07:25:592025-12-17 11:48:54California Job Cuts Will Hurt Gavin Newsom’s White House Run

How California is Failing Its Latino Population

December 10, 2025/in California, Demographics, The Economy

Few states so self-righteously proclaim their commitment to helping minorities like California does. Gov. Gavin Newsom rarely misses an opportunity to assert his solidarity with people of color, proclaiming in 2022 that “our incredible diversity is the foundation for our state’s strength, growth and success — and that confronting inequality is not just a moral imperative, but an economic one.”

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https://joelkotkin.com/wp-content/uploads/2025/12/ca-fuel-prices.jpg 675 1200 Joel Kotkin /wp-content/uploads/2017/01/jkotkin_logo.png Joel Kotkin2025-12-10 07:25:162025-12-09 08:46:31How California is Failing Its Latino Population

H1-B Visas: Universities Have Sold a Whole Generation a Lie

November 26, 2025/in Demographics, The Economy

Some day, Donald Trump may lead America into a golden era of reindustrialisation, or perhaps one last hurrah before China’s domination of materials and manufacturing knocks the US off its number one perch. Yet what if we start to build new factories and ports but no one shows up to work in them?

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https://joelkotkin.com/wp-content/uploads/2025/11/manufacturing-skilled-jobs.jpg 675 1200 Joel Kotkin /wp-content/uploads/2017/01/jkotkin_logo.png Joel Kotkin2025-11-26 07:25:002025-11-25 10:13:14H1-B Visas: Universities Have Sold a Whole Generation a Lie

The Spectre of Communism Haunts the West — Mamdani is Only the Beginning

November 20, 2025/in Demographics, Politics, The Economy, Urban Affairs

The surprisingly easy election of the Marxist Zohran Mamdani represents a critical turning point, not only for my hometown of New York, but for all the West. Mamdani’s election as mayor represents the prospect of a rising socialist mindset, particularly among the young.

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https://joelkotkin.com/wp-content/uploads/2025/11/Zohran_Mamdani_at_Rally_in_Bryant_Park.jpg 675 1200 JK-admin /wp-content/uploads/2017/01/jkotkin_logo.png JK-admin2025-11-20 07:25:472025-11-19 07:58:02The Spectre of Communism Haunts the West — Mamdani is Only the Beginning

This is How MAGA Falls

November 15, 2025/in Demographics, Politics, The Economy

As in his first term, Donald Trump now presides over a visibly sinking ship as his approval ratings slide. MAGA, a movement built around the personality of one man, never amounted to a coherent political force or even a workable coalition. Claims that Trump and his lieutenants won a mandate in 2024 and then ‘saved’ the country were always delusional. After all, his margin was thin, as was that of his party in Congress.

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https://joelkotkin.com/wp-content/uploads/2025/11/2025-CPAC-DJT-speaking.jpg 675 1200 Joel Kotkin /wp-content/uploads/2017/01/jkotkin_logo.png Joel Kotkin2025-11-15 07:25:092025-11-13 10:34:29This is How MAGA Falls

Mamdani Heralds the Radical American City

November 8, 2025/in Politics, The Economy, Urban Affairs

The greatest threat to the United States is self-created and centered in urban areas. Having survived the pandemic and the 2020 “summer of love”, America’s cities — most critically, New York — are adopting politics that seem designed to make the much-feared “urban doom loop” a reality.

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https://joelkotkin.com/wp-content/uploads/2024/03/is-there-a-viable-urban-future.jpg 675 1200 Joel Kotkin /wp-content/uploads/2017/01/jkotkin_logo.png Joel Kotkin2025-11-08 07:25:092025-11-05 09:13:21Mamdani Heralds the Radical American City

The Rise of the Artisan Economy

November 1, 2025/in The Economy, Urban Affairs

Developer Shaheen Sadeghi’s vision of an artisanal, small-business-driven economy seems oddly incompatible with his environment. After all, Orange County, Calif., where the 71-year-old Sadeghi has worked for four decades, bristles with mass-produced fabrication. Home to several of the nation’s most successful malls and endless shopping centers, the region has incubated such firms as McDonald’s, Jack in the Box, Cheesecake Factory, Marie Callender’s, Taco Bell, and the epicenter of faux American conformism, Disneyland.

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https://joelkotkin.com/wp-content/uploads/2025/10/The-Camp.jpg 675 1200 Joel Kotkin /wp-content/uploads/2017/01/jkotkin_logo.png Joel Kotkin2025-11-01 07:25:432025-10-29 16:02:58The Rise of the Artisan Economy

Trump or Not, the US is a Vastly Better Partner for Canada than China

October 24, 2025/in Politics, The Economy

Prime Minister Mark Carney’s recent cordial sojourn to Washington, and his claim of a close relationship with Dr. Demento, leaves some hope that for a reconciliation between our two countries. This is a necessity for the United States, which needs its closest neighbour as an ally, but even more important for a Canada largely dependent on U.S. markets, tourists, and military power.

This is not an audacious or disrespectful statement. Throughout history smaller nations — in this case in terms of population and economy — have always tried to secure alliances with larger and more powerful ones. Sometimes it makes sense to gain leverage by feinting a possible shift in allegiances, but that does not sweep away strategic logic.

Simply put, Canada, whose economy has been a laggard in recent years, and already feels the impact of tariffs, has limited options about its long-term post-Trump future. Like other nations Canada will be forced to support one of two alliances, one anchored by the U.S. and the other by China, with strong ties to Russia, Iran, and North Korea.

There are some who see a pro-China tilt as the path to Canada’s “independence.” Fortunately, Carney, however daft on some issues, recognizes China’s aspiration in the Arctic to constitute a leading “geopolitical threat” to the country’s prosperity and security. The Canadian military is already acting to monitor aggressive moves by China and its more trigger-happy sidekick, Russia.

In this tussle, Carney may hope that the EU or other countries could help, but in reality, only the U.S. has the wherewithal to resist Chinese encroachment. The binational alliance may be hard to endure under Trump, but ultimately the U.S. is a vastly superior choice. The once ultra green Carney suggesting the Keystone XL pipeline be resurrected demonstrates that we should be fated by geography to progress together.

Canada also may want to consider what to expect in a China-centric world. China’s historic strategy focuses not on establishing colonies but vassal states from which it can draw what it lacks, mainly raw materials, and customers for its increasingly sophisticated industrial machine. This is precisely why China has targeted Southeast Asia, Africa and Latin America, keeping them as suppliers of rare metals, copper, and foodstuffs.

In virtually no case does China try to lift up its client states to the status of competitors, as the U.S. did for Japan, Italy, Germany, South Korea, and Taiwan. China knows what it wants. In terms of strategic materials — a major trade issue — China has systematically secured preferential access through long-term partnerships that exclude American or Western competitors.

Read the rest of this piece at: National Post.


Joel Kotkin is the author of The Coming of Neo-Feudalism: A Warning to the Global Middle Class. He is the Roger Hobbs Presidential Fellow in Urban Futures at Chapman University and and directs the Center for Demographics and Policy there. He is Senior Research Fellow at the Civitas Institute at the University of Texas in Austin. Learn more at joelkotkin.com and follow him on Twitter @joelkotkin.

Photo: World Economic Forum, via Flickr under CC 2.0 License.

https://joelkotkin.com/wp-content/uploads/2025/04/canada-pm-carney-in-europe.jpg 675 1200 Joel Kotkin /wp-content/uploads/2017/01/jkotkin_logo.png Joel Kotkin2025-10-24 07:02:352025-10-21 13:10:44Trump or Not, the US is a Vastly Better Partner for Canada than China
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