Mamdani’s new socialist outrage means more woe for NYC small businesses
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Mamdani’s new socialist outrage means more woe for NYC small businesses
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Just three months ago, Zohran Mamdani declared New York City “OPEN for Small Business.”
Now he’s declaring open season on them.
Last week Mamdani backed the People and Organizations Winning Economic Relief Act, or POWER — a new City Council bill that would create a sweeping new municipal right to sue businesses.
New Yorkers can already file claims based on state law for a business’ unlawfully deceitful acts, and the attorney general can prosecute businesses for unfair and abusive practices.
POWER, however, would allow private plaintiffs to sue over “unfair methods of competition” and any “unfair, deceptive, abusive or unlawful acts or practices in or affecting business, trade or commerce.”
Above all, it promises to be a windfall for plaintiffs’ lawyers: Claimants can sue for themselves, for other New Yorkers or for the general public, and the bill defines “injury” so broadly that it’s lost its true meaning.
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City Hall is advertising litigation as a weapon against large predatory corporations, but the fine print tells a different story.
POWER would cover businesses with as few as five employees — yet........
