Citadel LLC founder and CEO Ken Griffin took aim at Sen. Bernie Sanders (I-Vt.) and New York City Mayor Zohran Mamdani, urging the self-described socialist politicians to “read a damn history book” while arguing that high taxes and poor public services are pushing Wall Street firms out of New York, according to audio from a Goldman Sachs symposium published by Fortune on Thursday.
Griffin questioned the growing popularity of socialism among younger Americans, arguing that history shows free-market capitalism has delivered better economic outcomes. Citing China’s shift toward open markets, he said the country’s economic reforms lifted hundreds of millions of people out of poverty.
