The prospect of the capital of capitalism going socialist poses a challenge, write Jeffrey Sonnenfeld, Steven Tian, and Stephen Henriques.

New York City is one of the most expensive cities in the world to live in, a fact that guided many New Yorkers’ votes in Tuesday’s mayoral primary election.

On the cusp of choosing the city’s next mayor, New Yorkers are taking stock of their town. But many are split on whether it’s back on track, or off the rails.

Unfortunately, like most places, voter participation in New York has steadily declined, dropping from 93% of registered voters in 1953 to 57% in 1993 to just over 20% of registered voters in the ...

Texas has now already surpassed New York as the largest base of its workers with 30,000 employees there, and with another 15,000 based in Miami.