Free buses, city-owned grocery stores, and free universal childcare. Those are just some of the policy proposals that attracted a majority of New Yorkers to vote mayor-elect Zohran Mamdani into office. Those same proposals also turned off many voters who worried about the impact they could have on the city's finances. The policies have been labeled socialist policies by both supporters and opponents. But New York City has been here before. Kim Phillips-Fein, a history professor at Columbia University and the author of Fear City: New York's Fiscal Crisis and the Rise of Austerity Politics, joined WNYC host Michael Hill to put this moment into historical context.   

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