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When I arrived in Los Angeles almost 40 years ago, there was a palpable sense that here, for better or worse, lay the future of America, and even the world. Los Angeles dominated so many areas — film, international trade, fashion, manufacturing, aerospace — that its ascendency seemed assured.
Even in terms angeles futures options trading loss the urban form, L. Worst of all, L. With a weak economy and little media outside Hollywood, the city has lost much of its cachet. Inthe county angeles futures options trading lossaerospace workers.
Capital, too, has played a role. The growth of VC-financed companies is one reason why L. According to a recent projection by Economic Modeling Specialists Inc. Far greater problems can be seen further down the economic food chain. In the first decade of the s, according to an analysis by the Praxis Strategy Group, L. Two other once-unassailable economic niches in L. These shifts threaten many of angeles futures options trading loss roughlygenerally well-paid blue-collar jobs in the local logistics industry.
Motion picture employment is down 11, since Perhaps most shocking has been the tepid response to this relative decline among L. Once local angeles futures options trading loss imagined great things, like massive water and port systems, dominated the race for space and planned out the suburban dreamscapes of Lakewood, Angeles futures options trading loss and the Irvine Ranch.
Arguably the signature achievement of this past decade, and the one getting the most attention in the media, has been the revival of downtown as angeles futures options trading loss residential and cultural hub. Having essentially abandoned the model of a multipolar city, L. New Mayor Eric Garcetti is also a density advocate, and is placing huge bets on the massive building of high-end high-rise housing, all this despite weak job and population growth. Compared to his inept and economically clueless predecessor, Antonio Villaraigosa, Garcetti represents something of an upgrade.
He at least knows jobs matter at least as much as development deals for contributors. Yet he remains pretty much a creature of the failed leadership culture of L. The key now is for the region angeles futures options trading loss build angeles futures options trading loss economic strategy that allows it to use its assets, and build around its increasingly immigrant-dominated grassroots economy. The city of the future needs to reinvent itself quickly, before it fades further behind its competitors on the coasts and in Texas.
Los Angeles should be able to do the same, but only if it seizes on its fundamental assets can it again become a city with a future. Joel Kotkin is executive editor of NewGeography. He lives in Los Angeles, CA. This is an interesting article. It seems to flow with what people like the Democracy Collaborative are saying, that we may begin to see more revitalization coming from the ground up.
And, that might be the healthiest kind of growth overall. Subscribe to Articles feed. Find out more about this and all of Joel's books. Leventhal Center for Advanced Urbanism's yearlong study of the future of suburban development.
Meditations on the City is the first Urbanophile e-book, featuring provocative essays on the key issues facing our cities, including innovation, talent attraction and brain drain, global soft power, sustainability, economic development, and localism. Check out Healing American Democracy: April 8, Last Update: Angeles futures options trading loss viewing options Flat list - collapsed Flat list - expanded Threaded list - collapsed Threaded list - expanded.
Date - newest first Date - oldest first. Select your preferred way to display the comments and click "Save settings" to activate your changes. Login to post comments Email this comment. Hate to say it, but. Featured Content View all subjects. Recent popular content Largest Cities in the World: The Golden State Is Crumbling. Co-authored by Ian Abley Millennial Momentum: Hais War on the Dream: Stay up to date: This story originally appeared at Forbes. Urban Issues California Economics Los Angeles Politics San Francisco Suburbs Policy Comment viewing options Flat list - collapsed Flat list - expanded Threaded list - collapsed Threaded list - expanded Date - newest first Date - oldest first 10 comments per page 30 comments per page 50 comments per page 70 comments per page 90 comments per page comments per page comments per page comments per page comments per page Select your preferred way to display the comments and click "Save settings" to activate your changes.
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