The perfect weather and booming economy of the City of Angels has drawn in generations of California dreamers. But now America’s second-largest city is getting smaller—losing both population and businesses. As the Hollywood strike has revealed, the high costs of housing, living and running a business are pushing Angelenos away. Can the city reverse the big shrink? But is a smaller Los Angeles even a problem? The city’s mayor Karen Bass and a picketing actor lay out the affordability problems facing the city, while Shannon Sedgwick of the Los Angeles County Economics Development Corporation explains what is behind the business exodus. We revisit the city’s past boom days, and Hans Johnson, of the Public Policy Institute of California, explores how to bring them back. John Prideaux hosts with Charlotte Howard and Idrees Kahloon. You can now find every episode of Checks and Balance in one place and sign up to our weekly newsletter. For full access to print, digital and audio editions, as well as exclusive live events, subscribe to The Economist at economist.com/uspod. Hosted on Acast. See acast.com/privacy for more information.