Victor Davis Hanson lays out the sorry state of governance within this rich, fertile and ridiculously blessed land, California.
A point I've made time and again, is that places with rich natural resources often under utilize their human capital (and conversely, places that lack natural resources get every ounce of benefit out of their folks, compare Russia to Japan, for instance).
California used to be one of those rare places that had abundant resources and utilized its human capital fully.
Not so much anymore, oh well.
The seeds for a rebound are there, we're still an attractive destination for tourism, we still have tremendous potential, we just need a state government that gets out of the damn way and facilitates entrepreneurship and innovation rather than attempt to strangle each and every potential John Galt in their figurative crib with yards of red tape, and onerous tax burdens.
No comments:
Post a Comment