This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. New subscribers can sign up here; follow us on Bluesky, TikTok, Instagram, LinkedIn and Threads.

Every day London becomes a bit more disorderly. The police report that shoplifting increased by more than 50% last year, a far sharper increase than in other regions, and thefts such as pickpocketing increased by 41%, with mobile phones plucked like low-hanging fruit. Transport for London calculates that fare dodging costs the transit system £400 million ($540 million) a year, but the real figure may be much higher.

But these crime figures only capture a small proportion of the disorder. Delivery drivers cycle at high speed, often on the pavement, frequently scattering pedestrians in their path. The bikes have electric motors and thick tires; the drivers usually wear masks or balaclavas to conceal their faces, regardless of the heat. The sickly sweet smell of marijuana is ubiquitous in large parts of London.

Why is life in London deteriorating at such a pell-mell speed? And what can be done to improve it? The best answer to both questions can be found in a surprising place — an essay published 30 years ago in an obscure educational periodical by Daniel Patrick Moynihan, then the senior US senator from New York, titled “Defining Deviancy Down.”

Read the whole thing.

Tesla’s $800 Billion Robotaxi Dream Is Finally Facing Reality — Liam Denning

AI Hype Is Proving to Be a Solow's Paradox — Stephen Mihm

JD Vance Is Shape-Shifting Again — Nia-Malika Henderson

This Heat Wave Is Just a Taste of What’s to Come — Mark Gongloff

This Time Is Different for the US Economy — Conor Sen

China Is More Than Ready for US Stablecoins — Andy Mukherjee

Ceasefire or Not, the World Is Swimming in Oil — Javier Blas

White House Math on Tax Bill Is Pure Imagination — Robert Burgess

Bond Traders May Have Found the Next Greece — Matthew Winkler

• Terrorism charges against a member of the Irish rap group Kneecap highlight Britain’s free-speech problem, says Rosa Prince.
• Zohran Mamdani’s shock win has raised a lot of questions in New York City. But Jonathan Levin is tackling one from Miami: Would the 33-year-old’s mayorship actually spark an exodus from New York to Florida?
• Labubu has become a global sensation, worn by celebrities including Rihanna and Dua Lipa. Are the dolls yet another fad destined to fade? Investors certainly want to know, says Shuli Ren.

Want to test your knowledge of the week? Try out Bloomberg News’ Pointed quiz, a first-of-its-kind trivia game that allows you to place bets on your own smarts.