Our newly-anointed Mayor-elect, Zohran Mamdani, vows that he is a Socialist, and that he intends to implement an explicitly Socialist suite of policies. OK, the guy is only 34 years old. He was born on October 18, 1991, just a couple of months before the final collapse of the Soviet Union on the day after Christmas that year. He lacks the personal experience that we senior citizens have of reading every day for decades of the horrors of life in Brezhnev’s Soviet Union, or Mao’s China. But could a student really learn so little in fancy schools like Bronx Science and Bowdoin College that he could graduate in the 2010s and not know about this history? Shockingly, yes.

So the “Socialist” policies advocated by Mamdani are different, more akin to the standard progressive playbook of a greatly expanded handout state financed by higher income taxes on the high earners. Of the various policies that Mamdani has advocated, the three that I think are most significant in their potential impact on the City are: (1) raising income taxes on high earners, (2) having the City as developer build 200,000 new publicly-owned “affordable” housing units, and (3) “defunding” and/or downsizing the police department.

To Mamdani and his twenty- and thirty-something acolytes, all this stuff seems so terribly new and fresh and creative. But the funny thing is that all of these policies have been tried before in New York. They were all implemented well before Mamdani was born, and then reversed by the time he was a little kid. In each case the reversal occurred because the policy had abjectly failed.