Thursday, July 30, 2026

 

They Just Say Stuff

John Hinderaker:

This is not just bigoted, it is delusional. Every industry is dominated by a monopoly? That is an absurd claim. To cite just one example, what monopoly dominates the automobile industry? How can there be a sentient being, who presumably participates in our economy to some extent, who actually believes that every industry is a monopoly?

I think what is going on here is not just garden-variety stupidity. I think, rather, that Mamdani is exhibiting fealty to Marxist doctrine. Karl Marx taught that free markets inherently tend toward consolidation, and that the resulting monopolies would lead to the collapse of what he called “capitalism.” Vladimir Lenin elaborated on this theory, describing a final phase of “monopoly capitalism” that inevitably would replace the competitive markets that he actually observed.

Obviously, that hasn’t happened. But to a socialist like Zohran Mamdani, reality is less real than Marxist dogma. Marx and Lenin said that every industry would be dominated by a monopoly, so it must be true. The evidence of his eyes counts for nothing.


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