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October 2024

"How the City of Angels went to hell"

Joel Kotkin, Presidential Fellow in Urban Futures at Chapman University posts a brutal commentary on how Los Angeles has been and is being run. (UnHerd magazine; may need free registration.)

But if signs of progressive failure are clear from New York to San Francisco, it’s Los Angeles where I feel it most keenly. I’ve lived here since 1975. Back then, the idea that this diamond in the sands could tarnish was unimaginable. But it has. Once a middle-class haven with a broad industrial base, LA now suffers the highest poverty rates in the state, and among the worst in the country. Dovetailed by failing schools and parks, and an exodus of residents and businesses, long-term prospects of this great American city look bleak — a future that could yet be translated right across the country. 

The only comment I would make is that as I remember, New York City was portrayed as having massing problems by Dinkins's term as mayor (1990 thorough 1993) but things turned around relatively quickly when governance improved. (Though after 20 years of improved government, lessons were forgotten, and there are bigger problems now.)


"Why is the FTC so set against this supermarket merger?"

Antitrust probably encounters the Law of Unintended Consequences:

Why, then, is the FTC so concerned about this case? The answer may lie in the final section of its complaint, which asserts that the merger could lessen demand for labor — specifically union labor. . . .

Paradoxically, applying labor-related considerations to mergers might not be helpful to either workers or unions. If the FTC succeeds in keeping Kroger and Albertsons from forming a more powerful competitor, Walmart, the behemoth of food retailing, is likely to be the big winner. It has a well-known history of refusing to recognize unions in its stores, warehouses and truck fleet.