San Francisco’s ruin is a warning to ultra-Left officials everywhere
Story by Matthew Lynn • Yesterday 7:00 AM
Its tech industries are still booming. It is the financial hub for the whole of California, with the state now the fifth largest economy in the world. And it is home to some of the world’s biggest companies.
Add it all up, and San Francisco should be one of the best retail centres globally; an easy place to sell every kind of luxury good, fashion essentials and high end electronics. The money is there, as well as the people to spend it.
Yet this week, the department store Nordstrom announced it was shutting its locations in the city, joining a growing exodus of big name retailers. Household brands are in despair over the damage inflicted by an ultra-woke local government.
There is a warning here for many British cities, not least as left-wing parties consolidate their dominance following another set of disastrous local elections for the Conservative Party. Push businesses too hard, let crime run out of control, and eventually they will simply up and leave. It is happening in ultra-wealthy California, and very soon it could be happening in London, Bristol or Cardiff.
https://www.msn.com/en-us/money/companies/san-francisco-s-ruin-is-a-warning-to-ultra-left-officials-everywhere/ar-AA1aRj1z?ocid=msedgntp&cvid=9143162499eb4a6682e6587cd055e099&ei=26
