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Fortune
Fortune
Kristin Stoller

Mamdani's NYC primary win doesn't mean young people are anti-capitalist

(Credit: Michael M. Santiago—Getty Images)

When 33-year-old Zohran Mamdani won the New York City mayoral primary in June, business titans across the country slid into panic mode at the possibility of the self-described democratic socialist running New York City. Many wondered whether Gen Z was rejecting capitalism outright. Was this the demise of “late capitalism” that we have heard so much about on social media?

I set out to find out whether C-suite executives should be worried. In short: No. That was the resounding answer from members of Gen Z and the people who study them in the business and political worlds.

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