After Zohran Mamdani ran away with the Democratic nomination for New York City mayor in June’s primary, business leaders across the city lost their collective minds. Billionaire Bill Ackman declared that Mamdani’s “policies would be disastrous for NYC.” Fellow billionaire Daniel Loeb compared Mamdani to Fidel Castro. Venture capitalist Bradley Tusk predicted New York might go the way of Detroit and Baltimore, cities he said had become “dirty and dangerous.” On CNBC, Jim Cramer wondered if, in Mamdani’s New York, the rich would “get shot.” An emergency meeting was held at the Pool Room about stopping the 33-year-old democratic socialist, whose name, to some, had become the scariest word du jour, the mere mention of which would send shivers down their spines.

At the

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