JOEL KOTKIN: Can Los Angeles be saved?
LA is currently hosting the World Cup, and two years from now, it will host the Olympics. The city should be ready for its closeup — but it isn’t.
This is a painful change for anyone who, like me, came to the City of Angels 50 years ago and embraced its eclectic mix of cultures and businesses. In the 1980s, LA was what the conservative historian Fred Siegel called “the entrepreneurial dynamo.” Unlike New York or the Bay Area, where academic pedigree and family ties were the keys to success, LA was an everyman city, a place where you could afford to start a business and live in a house like Galicia’s, all within the perimeter of a great metropolis.
Aesthetes long preferred New York or San Francisco, but the masses headed to LA. Between 1900 and 1940, the city’s population surged to 1.5 million from barely 100,000. After the war, LA expanded again, enriched by its huge oil and defense sectors, and by 2020, hit its peak population of 3.8 million, with another 6 million living in surrounding Los Angeles County. These areas once domiciled 13 Fortune 500 companies, including Disney, Northrop Grumman, Security Pacific Bank, First Interstate, Union Oil, Getty Oil, and Arco, and a long list of successful growing businesses, as well.
Since then, the Fortune 500 locals have dwindled to seven, with just one, Farmers Insurance, inside city limits, and that just barely, on the furthest fringes of the San Fernando Valley. Meanwhile, the Los Angeles Times, once a critical part of the city establishment, has abandoned Downtown for El Segundo, amid severe financial strains and a paid circulation that’s a fraction of its once vast readership.
Most critically, Los Angeles County now suffers the highest poverty rates in the state, and among the worst in the country.
Read the whole thing. It left me wondering, alongside the recent election, whether Los Angeles even wants to be saved.
Related (From Ed): Perhaps they don’t. As L.A. and San Francisco slowly morph into Detroit, it’s worth remembering what Jay Nordlinger once wrote about the collapsed Motor City: “If people are voting a certain way — maybe it’s because they want to. Maybe they know full well what they’re doing. Sometimes you have to take no — such as ‘no to Republicanism’ — for an answer.”
