Zohran Mamdani, who has won the mayoral election in New York, calls himself a “democratic socialist,” something that has created considerable concern among many in the United States. ARTICLE CONTINUES BELOW VIDEO

The US is synonymous with capitalism, an economic system where the means of production (land, labour, capital) are privately owned and incomes are distributed through the operations of markets.

Socialism evolved in large part as a reaction to the capitalist system, and has meant different things at different times. In some cases, it refers to the state (or the government) owning the means of production, while in other contexts it could mean the workers owning the means of production while competing in a market economy.

Mamdani’s detractors believe his policy prescriptions co

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