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The Joe Rogan ExperienceThe Joe Rogan Experience

Joe Rogan Experience #2268 - Rick Caruso

Rick Caruso is a businessman, civic leader, and philanthropist. He is the owner and executive chairman of Caruso, one of the largest privately held real estate companies in the world, and founder of Steadfast LA: a nonprofit focused on private-sector involvement in rebuilding wildfire-affected communities. http://www.steadfastla.com This episode is brought to you by AG1. Take ownership of your health with AG1 and get a FREE bottle of Vitamin D3+K2 AND 5 free Travel Packs with your first subscription. Go to http://drinkag1.com/joerogan Don’t miss out on all the action this week at DraftKings! Download the DraftKings app today! Sign-up using http://dkng.co/rogan or through my promo code ROGAN. GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit http://gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit http://ccpg.org (CT) or visit http://www.mdgamblinghelp.org (MD).21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). 1 per new customer. Min. $5 deposit. Min. $5 bet. Max. $200 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: http://dkng.co/dk-offer-terms. Ends 2/9/25 at 11:59 PM ET. Sponsored by DK.

Rick CarusoguestJoe Roganhost
Feb 5, 20251h 48mWatch on YouTube ↗

CHAPTERS

  1. 0:00 – 1:23

    LA’s decline and why Caruso ran for mayor

    Joe and Rick set the tone by framing Los Angeles as a city in crisis but still worth fighting for. Caruso explains that his campaign was motivated by a desire to give back to the city that enabled his family’s immigrant success, not by political ambition.

    • Rogan compares LA politics to cult-like denial of obvious failures
    • Caruso describes LA’s last decade as “tragic” despite the city’s strengths
    • Caruso’s core motivation: civic duty and giving back, not seeking power
    • Belief that major problems are fixable with backbone, smart teams, and clear goals
  2. 1:23 – 4:20

    What a mayor can actually do: leadership vs. career politics

    Caruso argues that the mayor’s formal power is less important than the ability to lead decisively and set priorities. He contrasts results-driven governance with the incentives of career politicians who focus on reelection and protecting the system.

    • Caruso’s background: worked under Bradley, Riordan, and Hahn; led DWP and Police Commission
    • Claim: recent LA leadership has been weak and costly
    • Key advantage: freedom to make unpopular but necessary decisions
    • Critique of political class: risk-averse, circular career ladder, little accountability
  3. 4:20 – 6:51

    His family story and the ‘closed loop’ political machine

    Caruso shares his immigrant family history and ties it to his sense of obligation to LA. He also recounts how national Democratic figures rallied against him, framing it as proof that LA’s political system resists outsiders.

    • Grandparents’ immigrant journey and LA as a land of opportunity
    • Campaign message: problems are solvable with competent execution
    • High-profile endorsements opposing him (Biden, Harris, Pelosi, Bernie, Obama)
    • Caruso predicts voters will increasingly prioritize competence over ideology
  4. 6:51 – 8:07

    Ad break: AG1

    A brief sponsor read promoting AG1 as an easy daily health habit, including a subscription offer with free vitamin D3/K2 and travel packs.

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    • One scoop replaces multiple supplements
    • No added sugars or artificial sweeteners
    • Offer details and URL call-to-action
  5. 8:07 – 12:10

    Homelessness: cost overruns, wrong incentives, and fast housing ideas

    The conversation pivots to homelessness as LA’s primary crisis, with emphasis on spending without outcomes. Caruso cites dramatic per-unit housing costs under city programs and proposes rapid-build alternatives using modular production.

    • Scale claim: ~70,000 homeless in LA County (possibly higher)
    • Critique: bureaucracies paid regardless of outcomes; no performance incentives
    • Measure HHH results: slow delivery and extremely high per-unit costs
    • Alternative model: modular units (e.g., Boxabl) and using vacant city-controlled parcels
  6. 12:10 – 15:03

    Enforcement + treatment: scaling nonprofits that already work

    Caruso argues homelessness can’t be solved by government alone and pushes for partnering with effective street-level nonprofits. They discuss combining law enforcement against open drug markets with structured treatment, housing, and services delivered by proven organizations.

    • Start with rule of law: stop open-air dealing and drug use in public spaces
    • Examples of effective orgs: Downtown Women’s Center, Union Rescue Mission
    • Emphasis on structure, requirements, daily programs, skilled caseworkers
    • Speed blockers: permitting and red tape can make housing take ~6 years
  7. 15:03 – 19:37

    Skid Row history and the moral cost of containment

    Rogan recounts his first exposure to Skid Row and how the city historically concentrated homelessness into one district rather than solving it. They connect the approach to neighborhood decay, business collapse, and catastrophic safety issues like fires in derelict buildings.

    • Skid Row described as longstanding “containment” strategy
    • Business and historic hotels devastated by abandonment and neglect
    • Public safety consequences: fires in occupied/derelict structures (e.g., Morrison Hotel)
    • Caruso reiterates: treatment + housing + fast approvals are the practical path
  8. 19:37 – 26:26

    Wildfires and infrastructure failure: empty reservoirs, dry hydrants, absent leadership

    The discussion shifts to the LA fires, focusing on preparedness failures and the shocking reality of hydrants running dry. Caruso describes evacuating, losing his daughter’s home, and publicly challenging media attempts to downplay the water shortage.

    • Caruso’s firsthand timeline: evacuation, command-post updates, neighborhood loss
    • Claims: hoses ran dry; reservoir was empty during fire season
    • Preparedness gaps: brush clearance, pre-deployment, underfunded/mothballed equipment
    • Political accountability: criticism of Mayor Bass leaving town before catastrophic winds
  9. 26:26 – 29:47

    Water policy, DWP politicization, and the need for accountability

    Caruso explains the official rationale for the empty reservoir (repairing a cover) and argues that emergency realities should override normal bureaucracy. He broadens this into a critique of politicized leadership at DWP and calls for resignations/firings when failures cost lives and homes.

    • Reservoir ‘cover repair’ explanation vs. common-sense emergency pumping
    • Argument: LA knew the wind/fire risk and should have taken extraordinary steps
    • DWP leadership once engineering-driven; now politicized appointments erode competence
    • Caruso calls for top-level accountability when core systems fail
  10. 29:47 – 48:03

    Ad break: DraftKings / UFC 312

    A sponsor segment promoting DraftKings Sportsbook tied to UFC 312 and the ‘big game,’ including a new-customer bonus bet offer and responsible gaming disclaimer.

    • Promotion: bet $5, get $200 in bonus bets for new customers
    • Code: ROGAN; app download CTA
    • References UFC 312 title fights and pro football championship
    • Includes legal terms and gambling hotline info
  11. 48:03 – 55:33

    Law and order: DA incentives, no-cash-bail fears, and rebuilding trust in policing

    Rogan and Caruso discuss crime, repeat offenders, and public frustration with arrest-and-release practices. They credit recent changes (repeal of the <$900 theft loophole and replacing DA Gascón) while debating motivations and emphasizing public safety plus rehabilitation.

    • Problem: perceived rise in violent/unreported crime and rapid releases
    • State-level change: ending the ‘under $900 is a misdemeanor’ dynamic
    • DA critique: Gascón portrayed as failing to prosecute; praise for Hochman
    • Defund-the-police backlash: need better training and standards, not less policing
  12. 55:33 – 1:09:41

    Opportunity, families, and fixing Skid Row by investing in proven community institutions

    Caruso highlights working-class neighborhoods and families as the people most harmed by homelessness, crime, and taxation. He describes Para Los Niños as a model of hope in Skid Row and argues that the city should ‘supercharge’ effective schools and service providers while building housing on vacant parcels.

    • Campaign lesson: communities want basic safety, dignity, and mobility for kids
    • Para Los Niños: early-childhood support amid extreme surrounding street conditions
    • Strategy: fund proven providers; build quickly on hundreds of vacant city parcels
    • Policy tools: enterprise zones, tax incentives, mobilizing private capital
  13. 1:09:41 – 1:20:17

    Rebuilding after the fires: underground power lines, incentives, and a private ‘blueprint’ push

    Caruso outlines a new foundation to drive solutions, speed rebuilding, and hold government accountable even as a private citizen. They discuss infrastructure upgrades (undergrounding lines, modernizing mains), financing options, and resisting ‘reimagining’ neighborhoods through mandates during recovery.

    • Caruso’s foundation: recruit top industry talent, deliver implementable plans, pressure for execution
    • Rebuild priorities: underground power, modern water/fire systems, faster timelines
    • Financing: bonds, grants, private capital—‘can’t say we don’t have the money’
    • Housing policy: prefer incentive-based density bonuses over punitive requirements
  14. 1:20:17 – 1:29:40

    Cutting red tape, lowering taxes, and modernizing water & energy (desal + nuclear)

    The closing stretch focuses on California’s business climate—overregulation, high taxes, and mismanagement—and how that drives the exodus of people and companies. They also explore long-term infrastructure solutions like desalination, water recycling, better storm capture, and expanding nuclear/clean power generation.

    • Overregulation: makes it hard to start/operate businesses; post-COVID rollbacks hurt small business
    • Tax competitiveness: argument that growth increases revenue more than high rates do
    • Water supply mix: aqueducts, aquifers, recycling sewage to potable/groundwater recharge, rain capture
    • Desal and energy: environmental opposition, need for coastal generation, and pro-nuclear stance
  15. 1:29:40 – 1:48:14

    Personal tangent and wrap-up: ice baths, saunas, and Caruso’s future in public service

    They detour into lifestyle routines—cold plunges, infrared and dry saunas—and the theme of ‘voluntary adversity’ as a driver of resilience. Caruso then returns to purpose, saying he wants to do the most good (potentially in future offices) but is currently focused on rebuilding LA after the fires.

    • Cold plunge details: temperatures, duration, dopamine/energy effects
    • Sauna discussion: heat stress, endurance effects, and long-term health study claims
    • Caruso: ‘back nine’ of life—seeking meaningful impact and enjoyment in service
    • Rogan encourages him to run again; episode ends with mutual respect and optimism

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