The Real Estate Roots of Trumpism and the Coming Clash With Democratic Socialism
Briefly

The Real Estate Roots of Trumpism and the Coming Clash With Democratic Socialism
"After having already sent the National Guard to Los Angeles, Trump claimed the federal takeover of DC would bring law and order to the nation's capital, which he characterized as "one of the most dangerous cities anywhere in the world." In announcing the move, Trump emphasized his "natural instinct as a real estate person." His background as a property developer, he said, made him uniquely well-suited to deal with urban crime and homelessness."
"This link is especially important given the looming clash between the Trump administration and the presumptive next mayor of New York, democratic socialist Zohran Mamdani, whose political commitments threaten the neoliberal compact that has characterized the city's political economy since the resolution of the fiscal crisis in the 1970s. Mamdani's housing platform in particular aims to curb the outsize power of New York's real estate sector, the milieu in which Trump rose to prominence in the late 1970s and '80s."
Trump deployed the National Guard to Washington, DC, and took control of the city's police, framing the move as restoring law and order and invoking his 'natural instinct as a real estate person.' His property-developer background is linked to a political approach rooted in 1980s New York City. That approach now faces a clash with presumptive New York mayor Zohran Mamdani. Mamdani's democratic socialist housing platform aims to curb the outsized power of the city's real estate sector. New York's fiscal crisis in the 1970s, driven by white middle-class flight and capital flight, weakened the city's revenue base and social-democratic programs.
Read at The Nation
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