New York is becoming the next London, home only to immigrants and the super-rich

The election of Zohran Mamdani as mayor of New York – alongside the victory of similarly hard-Left candidates in other mayoral races – has left some predicting that urban America will inevitably fall into a “doom loop” of decline, with an exodus of the super-rich leaving cities in the control of a resentful lower class. Yet in reality, the socialis...