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The Prof G Pod with Scott Galloway

What Mayor Mamdani Is Getting Right (and Wrong), Career Risk, and Letting Your Kids Go

23 Jan 2026

Transcription

Chapter 1: What is the main topic discussed in this episode?

3.49 - 18.07 Scott Galloway

Welcome to Office Hours with Prop G. This is the part of the show where we answer questions about business, big tech, entrepreneurship, and whatever else is on your mind. If you'd like to submit a question for next time, you can send a voice recording to officehourswithpropgmedia.com. Again, that's officehourswithpropgmedia.com.

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18.27 - 34.471 Scott Galloway

Or post your question on the Scott Galloway subreddit, and we just might feature it in our next episode. Question number one. I have not seen or heard these questions. Question number one comes from F Sharpman on Reddit.

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34.511 - 54.304 Scott Galloway

They say, as a co-host of Raging Moderates, what do you really think of the new mayor, both in terms of changing the economics of NYC and as a potential model for Democrats to learn from both emulating and avoiding? Okay, some data on what Mamdani, the mayor, has done so far. I'm a Florida resident, so I'm speaking to this as an outsider, if you will.

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54.419 - 74.123 Scott Galloway

And what is probably as big as policy went so far, Mamdani partnered with Governor Hochul to launch free childcare for two-year-olds. I think that's wonderful. When I was a resident of New York, something that made me feel much better about the incremental 13% taxes we were paying while we were here was my son, my three-year-old, four-year-old son at the time was speech delayed.

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74.384 - 94.034 Scott Galloway

And story ends well, by the way, he just got into early decision to the college of his choice. So obviously he's thriving. But he wasn't speaking. Totally freaked out. Lovely young woman showed up twice a week and had him do a series of things to try and motivate him to start speaking again. And she was so skilled and so smart and was sponsored by the state, didn't cost us anything.

94.054 - 110.481 Scott Galloway

And I thought, this must make people feel so good about government. There are some things the government can do much better. than the private sector. And the Republicans' love of the private sector oftentimes makes a lot of economic sense. I think most things should be done by the private sector, but it goes too far.

110.521 - 120.657 Scott Galloway

And really what they're doing is just cosplaying a love for lower taxes and small government because rich people can have their own government, their own health care, their own transportation, their own private security, their own schools.

120.637 - 137.464 Scott Galloway

He's also issued an executive order to improve conditions in homeless shelters and city jails and move to end solitary confinement at Rikers, enforcing a 2024 law banning it. This is a tough one, but the worst thing you can do to a human being or any mammal is to put them alone. Put your dog alone and see what happens. I like that.

137.604 - 149.465 Scott Galloway

Initiated a $4 million pilot program for modular public restrooms to improve access to sanitation citywide. Okay, fine. $4 million. See if it works. Launched task forces to accelerate affordable housing development and cut bureaucratic delays.

Chapter 2: What are the early policies of Mayor Mamdani and their implications for NYC?

149.625 - 169.781 Scott Galloway

I love the idea of cutting bureaucratic delays. I'll come back to that. Publicly reaffirmed New York's sanctuary city policies, which defines its stance towards federal authority and immigration enforcement. I don't quite frankly know how I feel about sanctuary cities. I think we should just have a sane immigration policy that embraces immigration, but embraces legal immigration.

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170.041 - 188.562 Scott Galloway

And I think if we did a half-assed decent job of immigration, we would need sanctuary cities. And that is you're empathetic and you're thoughtful and recognize that the ultimate secret sauce is getting the best and brightest from around the world, but it needs to be legal immigration. And that a lot of people wait in line

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189.031 - 209.667 Scott Galloway

for years on end and go through the right process and cost to be here legally. I do. At the same time, the Republicans turned and Democrats turned a blind eye to it for the last 40 years because the 20 or 30 million odd undocumented workers, by the way, they're documented up the ass. They have phone contracts, social security cards, Netflix, driver's license. Why?

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209.707 - 213.874 Scott Galloway

Because we want to make sure we can document them to make money from them.

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213.854 - 235.474 Scott Galloway

But we just don't want to go through the process of admitting that we had the most flexible and profitable labor force in history called the American undocumented worker, where they would melt into the country to pick our crops and wipe grandma's ass and serve you your Cobb salad for a fraction of the cost that it would cost because domestic workers don't want to roof.

235.454 - 256.825 Scott Galloway

I renovate houses all the time, and I can tell you no domestic worker wants to work outside any longer. And you think, well, it's putting pressure on wages. No, you just can't find domestic workers who will do it, quite frankly. Anyway, back to housing. I think ideas on housing are pretty fucked up, and that is if you want to solve the housing crisis, and Austin rents have plummeted.

Chapter 3: How does Mayor Mamdani's approach to childcare impact NYC families?

256.865 - 273.571 Scott Galloway

Why? Because they got rid of NIMBYism, and they replaced it with YIMBYism. And it's little tweaks. So, for example, there used to be a regulation that for— Every apartment, you had to have a parking space. It is really expensive and difficult to build parking. You have to go subterranean, which is expensive, or you have to buy more land. They got rid of that.

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273.951 - 295.722 Scott Galloway

Effectively, what housing represents in America is this bullshit, awful, un-American rejectionism an LVMH-ing of our society, where once I have a degree from an elite university, I want to pull up the drawbridge and applaud the dean and the basic ideology of making it harder and harder to get in. When I applied to UCLA, 74% admissions rate. This year, 9%.

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296.003 - 316.174 Scott Galloway

Most alumni like that because it makes their degree more valuable. When people buy a home, all of a sudden, they become very concerned with traffic and show up to local review board meetings. Taking housing permits out of the hands of bureaucrats, and I say that affectionately, and putting it into the hands of homeowners is one of the worst things to happen to young Americans.

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316.254 - 337.43 Scott Galloway

And what we've seen is an acceleration in housing prices and an acceleration in the cost of college degrees. One, the best means of establishing economic security, a sense of family, and also the certification you need to continue or to thrive in a capitalist society. And we've decided to LVMH the whole fucking thing.

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337.45 - 351.053 Scott Galloway

And we've decided at universities that we're no longer public servants for Chanel bags. And the same thing is in fact at housing in Minneapolis. So what do you do? You pass YIMBY laws. And you provide tax credits to developers that make it economically feasible for them to develop.

351.153 - 371.419 Scott Galloway

It's not a demand problem in New York that is killing people and creating a one-bedroom that costs $5,500 and creating only three classes of people that live in New York, either tech bros, finance bros, or parents whose kids are putting them through New York. It's the fact that there isn't enough supply. So you provide, in addition to regulation around Yimbyism—

371.399 - 392.745 Scott Galloway

You weaponize the private development infrastructure with tax credits that encourage a massive amount of development. Rent freezes are just ridiculously head up your ass, make no sense, failed econ one. State-sponsored food lines, which is what state-sponsored grocery stores are. If there's one business we should leave to the private sector, it should be grocery.

392.805 - 416.627 Scott Galloway

Is it a shitty low-margin business? And the idea that the person from the DMV is going to oversee what produce is, you have to choose from makes absolutely no sense. In sum, Mamdani, there's a lot Democrats can take away from him. He was on message. He's young, ran an amazing campaign, weaponized social media, stayed on message around affordability.

416.81 - 438.261 Scott Galloway

And I thought he kind of won the election in one moment. I was watching the debate, and I think the moment that Mamdani kind of got wind in his sails and took him to victory was when he said, when they were all asked, where would you go? What would be your first place you would travel to after being mayor? And they all put on their virtue signaling and said, okay, I would go to...

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