Commentary
Rick Caruso is a billionaire real estate developer in Los Angeles. It is expected he will soon announce his candidacy for mayor. He just changed his party registration from “no preference” to Democrat. Before he was no preference, he was a Republican. New York’s new mayor Eric Adams is also a former Republican who converted to Democrat. Caruso has clearly made a calculation that, as in America’s other large cities, it is simply no longer possible to win as a Republican.
