Mamdanis latest whopper turns the truth about socialism on its head

Mayor Zohran Mamdani is bragging that the budget he just pushed through proves socialists understand the economy as well as capitalists, and that, indeed, they’re cleaning up the capitalists’ mess.What utter bull.He’s proved nothing about socialism as an economic boon, and his spending plan actually makes the city’s fiscal mess worse.No matter: The mayor pretends he’s an ultra-competent manager, a wizard of municipal finance and a dedicated socialist who’ll make New York affordable and “equitable.” “If these past months have shown us anything,” he burbled, “it is that socialists not only understand economics just as well as the capitalists who came before, but that we can solve their years of mismanagement through an embrace of our principles.”Get a grip, Mr.

Mayor.None of that tracks with reality.First of all, there’s nothing “capitalist” about balancing a city’s budget.

It’s a question of making ends meet.And Mamdani only barely did that — and only through gimmicks and shoddy financing.Besides, the budgets of his predecessor, Eric Adams, were nothing any hard-core capitalist would approve of.

If anything, any “mismanagement” on the former mayor’s part — bloated, ever-expanding budgets that understated outlays — is characteristic of socialists, not capitalists.If Mamdani were truly fixing anything, it would be the mess of merely a somewhat-less socialist-minded mayor.Yet Mamdani’s budget makes matters worse: His budget takes Adams’ last plan and adds another $10 billion in new spending, while, as city Comptroller Mark Levine (a fellow Democrat) notes, relying on “$6.1 billion in short-term and one-time measures.”  Subscribe to our daily Post Opinion newsletter! Please provide a valid email.

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And he’s depending on Wall Street to fork over a disproportionate amount ...