What role does private enterprise play in the recovery efforts after the Los Angeles wildfires?

According to Rick Caruso, while government entities at the state, county, and city levels are implementing positive regulatory changes, private enterprise plays a crucial complementary role. Caruso emphasizes that recovery isn't just about waiving regulations but about expediting the rebuilding process through private sector innovation and efficiency. He acknowledges that governmental bodies are taking good steps, but suggests that the real acceleration of recovery will come through private enterprise initiatives working alongside these regulatory changes. This public-private collaboration appears essential to effectively address the massive reconstruction needs following the devastating wildfires that destroyed thousands of properties.