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Ripple Effect

Socialism Seems Cool, Let’s Try It

Loading ...Addison Wiggin

November 6, 2025 • 1 minute, 9 second read


socialism

Socialism Seems Cool, Let’s Try It

Final polling shows Zohran Mamdani won on the strength of young New Yorkers — especially women — who broke decisively his way:

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Younger voters – particularly women – threw in their lot with Mamdani. (Source: Visegrad24)

It isn’t hard to see why young people are looking for an alternative.

This cohort came of age through financial crises, inflation, a pandemic, trillion-dollar federal debts, chronic political deceit, a rough job market, predatory credit, expensive degrees with dubious ROI, and rents that make homeownership a punchline.

The status quo clearly isn’t working for the young. In that vacuum, socialism seems “cool,” so why not try it?

This brand of socialism, Mamdani-style, was pitched like a designer accessory — looks great in theory, billed to someone else (in theory).

~ Addison

P.S. Today’s the day! At 2PM Eastern on Grey Swan Live!, we’ll be joined by bestselling author Harry Dent on the cross-section between these generational demographics, the dependency state, ascendant AI, and what happens when the terrifying bull market gets even more terrifying…

We’ll also get behind-the-scenes details of Harry’s own “AI Crash” forecast with Grey Swan collaborator Adam O’Dell, which came out yesterday.

If you’d like to catch up on Harry and Adam’s research findings, click here for a replay.

In the meantime, feel free to send your Grey Swan Live! questions for Harry to feedback@greyswanfraternity.com.


The Grand Realignment Gets Personal

January 13, 2026 • Addison Wiggin

Sunday night, Powell addressed the probe head-on in a video post — a rarity. He accused the White House of using cost overruns in the Fed’s HQ renovation as a pretext for political interference.

The White House denied involvement. But few in Washington believed it.

What followed was bipartisan condemnation of the investigation. Greenspan, Bernanke, and Yellen co-signed a blistering rebuke, warning the U.S. was starting to resemble “emerging markets with weak institutions.”

The Grand Realignment Gets Personal
A Rising Sign of Consumer Stress

January 13, 2026 • Addison Wiggin

Estimates now indicate that the average consumer will default on a minimum payment at about a 15% rate – the highest level since a spike during the pandemic lockdown of the economy.

President Trump’s proposal over the weekend to cap credit card interest at 10% for a year won’t arrive in time to help consumers who are already missing minimum payments.

Not to fret, the other 85% of borrowers continue to spend on borrowed time. Total U.S. household debt, including mortgages, auto loans, student loans, and credit cards, reached record highs in late 2025, exceeding $18.5 trillion. This surge was driven partly by rising credit card balances, which neared their own all-time peaks due to inflation and higher interest rates.

A Rising Sign of Consumer Stress
Protest Season Amid the Grand Realignment

January 12, 2026 • Addison Wiggin

There’s an old Wall Street maxim: “Don’t fight the Fed.”

This year, you could add a Trump corollary.

A wise capital allocator doesn’t fight that storm. He doesn’t argue with it. He respects it the way sailors respect the sea: with preparation, with humility, and with a sharp eye for what breaks first.

In 2026, the things that break first are the stories. The narratives. The comfortable assumptions.

Protest Season Amid the Grand Realignment
Breaking: Government Budgets

January 12, 2026 • Addison Wiggin

Total municipal, state and federal debt service costs soared to nearly $1.5 trillion in the third quarter of 2025. Debt’s easy to accumulate when rates are low. Trouble is, you are obligated to refinance them even after rates go up.

It’s also a key reason why the Trump administration is demanding lower interest rates – even if it means reigniting inflation.

Breaking: Government Budgets