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New Political Reckoning?

Delhi 28 November 2025

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Millennium Post Delhi

Mamdani’s election has reignited the question of whether capitalism and democracy can still coexist, as rising inequality and democratic decline push young generations to drive an unavoidable political shift

New Political Reckoning?

Mamdani's mayoral victory reflects a generational revolt against systems that no longer promise mobility, dignity or security

Democratic socialist Zoran Mamdani’s election as New York City’s mayor has reignited the debate about the future of capitalism as practised in the USA today.

Reacting to Mamdani’s victory, PayPal cofounder and Silicon Valley venture capitalist Peter Thiel, who is accepted as the head of the PayPal Mafia group (the term was coined in a 2007 Fortune cover story by Jeffrey M. O’Brien), who still rules Silicon Valley, commented, “Capitalism is not working for a lot of people in New York City. Its not working for young people.” Thiel expanded this concern in a recent interview with the Free Press, saying strict zoning laws and construction limits have been terrible for millennials, who are having an extremely hard time buying homes. Significantly, in January 2020, in an email to top new-age business czars, including CEO Mark Zuckerberg, President of Global Affairs Nick Clegg, and venture capitalist Marc Andreessen, among others, Thiel cautioned, “When 70 per cent of Millennials say they are pro-socialist, we need to do better than simply dismiss them by saying that they are stupid or entitled or brainwashed; we should try and understand why” Other prominent members of the PayPal Mafia group close to President Donald Trump are David Sacks (crypto czar) and Elon Musk.

المزيد من القصص من Millennium Post Delhi

Millennium Post Delhi

DELHI ON BOIL AT 42.8 DEG C

The national capital sweltered on Saturday, recording its highest maximum temperature of the year so far.

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IMD drops the heat manual

The India Meteorological Department (IMD) has issued a comprehensive heatwave advisory as several parts of the country reel under intense heat and above-normal temperatures.

time to read

1 min

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Indian stars headline UTT Season 7 pool

Leading Indians Manav Thakkar, Manush Shah and Diya Chitale headline the player pool for Ultimate Table Tennis Season 7, while stalwarts Sathiyan Gnanasekaran and Manika Batra were retained by their respective franchises ahead of next week’s auction.

time to read

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B’desh issues nationwide security alert over possible militant attacks

Bangladesh Police issued a nationwide security alert over possible militant attacks on key installations, including the parliament complex, officials and media reports said on Saturday.

time to read

1 min

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AAP to approach RS Chairman against rebels

Rebel camp fires back with corruption, ideology charges

time to read

3 mins

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Millennium Post Delhi

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Advantage Sinner? Injured Alcaraz to sit out French Open

World No. 2 Carlos Alcaraz has pulled out of the French Open, scheduled to be held at Roland Garros in Paris from May 24 to June 7.

time to read

1 min

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Padikkal finds T20 edge via K'taka stint

Devdutt Padikkal credited his stint as captain of Karnataka cricket team and some tactical tweaks for sharpening his game awareness and aiding his evolution into a more complete T20 batter.

time to read

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Convicted YouTuber held after 31 years on run

3-DECADE-OLD KIDNAPPING-MURDER CASE; HAD CHANGED IDENTITY

time to read

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Delhi 26 April 2026

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New minds, new Niti

Lahiri named V-C, new team on board

time to read

3 mins

Delhi 26 April 2026

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