New York needs business cooperation, not warfare: Steve Forbes

February 12, 2026 - 09:09

In a recent television appearance, Steve Forbes, Chairman of Forbes Media, issued a stark warning against adversarial approaches to governance in New York City. He emphasized that the city's future prosperity depends on fostering business cooperation, not engaging in what he termed "economic warfare."

Forbes specifically criticized policies and proposals linked to Mayor Zohran Mamdani, describing them as a form of "economic vandalism." He argued that such measures create a hostile environment for enterprises, which he believes is detrimental to the city's recovery and long-term health. The core of his message was a call for city leadership to work constructively with the private sector.

The business leader contended that driving away companies and investors through punitive measures would ultimately harm the very residents such policies aim to help. He stressed that job creation, innovation, and a robust tax base are all fueled by a vibrant and confident business community. Forbes's commentary adds to an ongoing debate about the balance between progressive reform and economic growth, underscoring a fundamental divide in strategies for urban revitalization. His perspective champions partnership as the essential ingredient for New York to thrive in a competitive national landscape.