Los Angeles Renewal Requires Leadership

The effect the Los Angeles riots would have on the local economy was forecasted by most to be severe and long-term. However, there were some who believed that while there would be some lingering effects they would, more than likely, be short-term and reversible. The true result, they postulated, would be the evolution of Los Angeles into a city that is uniquely positioned to take advantage of new opportunities. Joel Kotkin, Senior Fellow at the Milken Institute lends us his theories on Los Angeles, why it prospered and offers a glimpse into how the current policies may help (or hinder) us from continuing that upward trend.