News
November 23, 2025
The analyst who once predicted the ‘end of capitalism’ sees Zohran Mamdani as a ‘day of reckoning coming in’—and corporates only have themselves to blame
Albert Edwards says Zohran Mamdani's policies are "lunacy" but big companies "laid the seeds for their own destruction."
**Analyst Warns Corporations: Zohran Mamdani's Rise Signals a 'Day of Reckoning'**
Renowned market strategist Albert Edwards, known for his often-contrarian and sometimes apocalyptic economic forecasts, has issued a stark warning to the corporate world, linking their own actions to the growing popularity of progressive politicians like New York State Assemblymember Zohran Mamdani. While Edwards describes Mamdani's policies as "lunacy," he argues that large companies have "laid the seeds for their own destruction" by fostering the very conditions that fuel support for such policies.
Edwards, a long-time strategist at Société Générale, has built a reputation for his bearish predictions, famously forecasting the "end of capitalism" on several occasions. His latest commentary suggests a shift in focus, highlighting the socio-political consequences of corporate behavior and the potential for populist backlash.
Mamdani, a Democratic Socialist representing Queens, New York, has gained prominence for his outspoken advocacy for policies addressing income inequality, affordable housing, and tenant rights. These policies, which Edwards deems "lunacy," likely include proposals for rent control, increased taxes on corporations and wealthy individuals, and expanded social programs.
However, Edwards' central argument isn't simply a critique of Mamdani's platform. Instead, he contends that corporations are ultimately responsible for the rise of politicians like Mamdani. He believes that decades of prioritizing shareholder value over worker well-being, aggressive cost-cutting measures, and the widening gap between executive compensation and average wages have created a fertile ground for populist movements.
By squeezing workers and neglecting the needs of the broader community, Edwards implies that corporations have fueled resentment and created a demand for radical change. This discontent, he argues, is now manifesting itself in the growing support for progressive politicians who promise to challenge the status quo and redistribute wealth.
Edwards' warning serves as a wake-up call to the corporate world. He suggests that simply dismissing policies like Mamdani's as "lunacy" is insufficient. Instead, companies must address the underlying issues that have led to their popularity. Failure to do so, he warns, will only accelerate the arrival of what he ominously calls a "day of reckoning," where the consequences of past corporate decisions come crashing down. The future, according to Edwards, hinges on whether corporations can adapt and address the growing social and economic inequalities that are driving the demand for radical change.
Renowned market strategist Albert Edwards, known for his often-contrarian and sometimes apocalyptic economic forecasts, has issued a stark warning to the corporate world, linking their own actions to the growing popularity of progressive politicians like New York State Assemblymember Zohran Mamdani. While Edwards describes Mamdani's policies as "lunacy," he argues that large companies have "laid the seeds for their own destruction" by fostering the very conditions that fuel support for such policies.
Edwards, a long-time strategist at Société Générale, has built a reputation for his bearish predictions, famously forecasting the "end of capitalism" on several occasions. His latest commentary suggests a shift in focus, highlighting the socio-political consequences of corporate behavior and the potential for populist backlash.
Mamdani, a Democratic Socialist representing Queens, New York, has gained prominence for his outspoken advocacy for policies addressing income inequality, affordable housing, and tenant rights. These policies, which Edwards deems "lunacy," likely include proposals for rent control, increased taxes on corporations and wealthy individuals, and expanded social programs.
However, Edwards' central argument isn't simply a critique of Mamdani's platform. Instead, he contends that corporations are ultimately responsible for the rise of politicians like Mamdani. He believes that decades of prioritizing shareholder value over worker well-being, aggressive cost-cutting measures, and the widening gap between executive compensation and average wages have created a fertile ground for populist movements.
By squeezing workers and neglecting the needs of the broader community, Edwards implies that corporations have fueled resentment and created a demand for radical change. This discontent, he argues, is now manifesting itself in the growing support for progressive politicians who promise to challenge the status quo and redistribute wealth.
Edwards' warning serves as a wake-up call to the corporate world. He suggests that simply dismissing policies like Mamdani's as "lunacy" is insufficient. Instead, companies must address the underlying issues that have led to their popularity. Failure to do so, he warns, will only accelerate the arrival of what he ominously calls a "day of reckoning," where the consequences of past corporate decisions come crashing down. The future, according to Edwards, hinges on whether corporations can adapt and address the growing social and economic inequalities that are driving the demand for radical change.
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Technology