en English

Economics

Aug 6, 2026 Rick McGahey

At a time of historic inequality and inadequate public investment, the kind of redistributive policies promoted by politicians on the left are badly needed. But given that no jurisdiction can tax and regulate its way to affordability, a growth-enhancing agenda that generates good jobs and productive capacity is also vital.

TEMPE—When New York City Mayor Zohran Mamdani named Anthony Shorris and Lina Khan to lead the city’s Economic Development Corporation (EDC)—as president and board chair, respectively—he did more than fill two important vacancies in his administration. He also underscored his recognition of a key challenge with which the left has long grappled: how to deliver not only economic redistribution but also economic growth.