Steve Moore Warns Mamdani's NYC Mayoralty is a 'Brutal Experiment' Due to Lena Khan's Influence

Lena Khan's FTC Tenure and Impact

• 💡 Lena Khan, former FTC chair, is described as having "declared war on business" and is now joining Zohran Mamdani's transition team in New York City.
• 🎯 During her tenure, Khan blocked numerous mergers, arguing they would harm consumers and competition, a stance that reportedly caused much of Silicon Valley to vote for President Trump.
• ✈️ An example cited is the blocked merger between JetBlue and Spirit Airlines, which Steve Moore argues led to Spirit's bankruptcy and the loss of a potential fifth major airline, ultimately hurting competition.

Concerns for New York City's Governance

• 📉 Steve Moore calls the upcoming mayoral term in New York City a "brutal experiment," expressing pessimism about the potential outcomes of socialist policies on economic growth.
• 🗽 He suggests that if Mamdani implements his proposed policies, Wall Street might lose its financial dominance in the US, potentially relocating to cities like Dallas or Miami.
• 🚀 Moore emphasizes that punishing capital is counterproductive for a city aiming to be a global financial capital, and that technology companies, the primary job creators, are often run by those who dislike Khan's regulatory approach.