Arbitrage Andy is back with a reset and a reality check for Americans. In this episode, he reintroduces himself and the mission behind Risk On: cutting through the noise of modern media to talk markets, geopolitics, and culture without the corporate filter.
Andy built a media platform that now spans 250K+ followers, a top-ranked Substack, and this podcast, and today he’s turning that lens toward the biggest political and cultural shock of the year: Zohran Mamdani’s victory in New York City.
Andy breaks down how Lenin’s definition of socialism as the “transitional stage” to communism plays out in real time across the West, and why New York, America’s capitalist capital, is now the testing ground for collectivist policy. He dives into Mamdani’s platform, the ideological capture of America, mass immigration, and how cultural and economic collapse are feeding each other: record layoffs, stagnant wages, AI job displacement, and the disillusionment of Gen Z driving a desperate turn toward socialism.
This one covers everything, the philosophical roots of Marxism, Teddy Roosevelt’s forgotten warnings about assimilation, and the anti-American sentiment spreading through institutions.
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