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Fortune
Fortune
Business
Nick Lichtenberg

Mamdani's $50 World Cup jersey stunt proves some of the oldest criticisms of socialism correct: 'The odds are extremely stacked against you'

nyc (Credit: Bing Guan/Bloomberg/Getty Images)

Fortune magazine was founded by Henry Luce, one of the most famous Republicans of the 20th century, and yet has a long history of employing left-wing writers. Without getting into my personal politics, I’ve debated with friends the difference between “leftism” and “liberalism” and even been called a capitalistic “neoliberal” a few times as a slur by people in my social circle claiming to be more radical than me. As added context, my own grandfather, the former Bryn Mawr professor Philip Lichtenberg, was once labeled “the red doctor” during the McCarthy era because he supported the college’s hiring of the Marxist historian Herbert Aptheker. It’s from that context that I’ve been watching the significance — and the failure — of Mamdani’s $50 World Cup jersey, which none of my leftist friends could actually get.

The jersey stunt is more than a jersey stunt. Zohran Mamdani won New York’s mayoralty in November 2025 largely by running on “affordability” — freezing rent, free buses, city-run grocery stores, a $30 minimum wage by 2030 — a message that resonated in a city where working- and middle-class residents have been squeezed by years of rising rents and stagnant wages. That victory wasn’t an isolated one, as the much more moderate Mikie Sherrill was elected governor of neighboring New Jersey on a broadly similar affordability pitch. And this summer, Mamdani continued his winning streak by backing upstart congressional candidates in successful primary challenges that rattled the mainstream of the Democratic Party, a sign that his brand of democratic socialism is evolving into a broader midterm-year insurgency.

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