This interview podcast features Rick Caruso, a Los Angeles real estate developer and former mayoral candidate, discussing the recent devastating wildfires in Los Angeles. The conversation begins with Caruso's background in real estate and public service, transitioning to a detailed analysis of the wildfires, attributing their severity to a combination of climate change, decades of mismanagement of brush, and inadequate city preparedness. Caruso highlights the successful protection of his Palisades Village development due to fire-resistant design and proactive measures, contrasting this with the city's shortcomings. The discussion further explores the role of arson, crime in Los Angeles, and the need for improved resource allocation and efficient rebuilding strategies, suggesting a one-year timeframe for rebuilding if approached with a business-like approach. Finally, Caruso advocates for infrastructure improvements and a potential sovereign wealth fund for California, similar to Norway's model.
