Mamdani’s appointment of Lina Khan a warning to private equity, experts say

The appointment of Lina Khan by New York mayor-elect Zohran Mamdani is seen as a significant warning to private equity firms, particularly in light of their controversial practices that have led to rising rents and monopolization of local healthcare. This trend of 'roll-ups' has raised concerns about the quality of services and affordability for residents. Additionally, Mamdani's transition team includes figures associated with movements like 'Defund the Police,' highlighting a broader shift in political strategy as he navigates the complexities of governance in New York City, where public sentiment is increasingly critical of corporate influence.