New York City just elected avowed socialist Zohran Mamdani—cheered on by the UAW, a union whose senior leadership includes a member of the Democratic Socialists of America. New Yorkers should take a hard look at UAW President Shawn Fain’s leadership and the company he keeps.
The media last week breathlessly focused on Oracle founder Larry Ellison briefly overtaking Elon Musk as the world’s richest person. Only veteran Barron’s scribe Andrew Bary noted the very different ways they built their fortunes.
Ellison’s wealth rests on legal stock manipulation. Musk’s wealth was earned the old-fashioned American way: building innovative businesses.