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Griffin questioned the growing popularity of socialism among younger Americans, arguing that history shows free-market capitalism has delivered better economic outcomes. Citing China’s shift toward open markets, he said the country’s economic reforms lifted hundreds of millions of people out of poverty.
“It’s the greatest success story in the history of humanity,” Griffin said, before adding that “whether it’s Bernie Sanders, whether it’s Mamdani,” they should “read a damn history book for once and then tell us how to run our country.”
Griffin Questions New York’s Business Climate
Griffin also criticized New York’s tax burden, saying the gap between the taxes businesses pay and the services they receive is “breathtaking.” He questioned, “Where is all this money being wasted?” while pointing to Citadel’s expansion in Miami and Goldman Sachs’ growing presence in Dallas as examples of firms investing in lower-tax, business-friendly locations.
Referring to Mamdani, Griffin said, “I believe Citadel will be a principal player in financial services for far longer than the mayor will be mayor. We intend to be here for decades. And he will be here for a few years.” He also revealed that he has not spoken with the New York City mayor.
Griffin also reiterated that Citadel intends to remain in Miami, where the firm relocated its headquarters after the pandemic and is constructing a 1.7 million-square-foot office tower.
Griffin also questioned the hype around artificial intelligence, saying many companies exaggerate its impact. Recalling a dinner with CEOs, he said he asked each to share how AI was transforming their business. “Not one involved AI,” he said, adding that AI is “a component of the story,” but only “a piece.”
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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