Column: If California is such an 'anti-business' state, why is its economy booming?

  • 📰 latimes
  • ⏱ Reading Time:
  • 66 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 82%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

A new survey concludes that California is most anti-business state, but it can't explain why it's also the fastest-growing.

Conservative economic pundits just love to justify “business-friendly” policies to state governments as keys to job growth, which after all is the whole ballgame in economic policy-making.Notwithstanding the dismissal of California’s business friendliness in the Chief Executive survey, the state’s economic growth outstrips the four states at the top of the magazine’s rankings.

By that standard, “Rich States, Poor States” has been dead wrong every year: In all but one edition, California ranked among the worst seven states, while outpacing the top-ranked states in economic growth year after year after year.If you happened to check out the latest ranking of states for their “economic outlook” published last week by the right-wing political group ALEC, you would be excused for concluding that California is deep in an economic hole and digging itself deeper.

Deregulation is alluring for CEOs who run polluting industries, not so much for those whose companies are incumbents in highly regulated fields — for them, regulation can be a way to raise the bar against new competitors.As for “talent availability,” if that means access to a well educated workforce, it militates against low taxes, which often leave K-12 and public higher education systems starved for funds.

Economic growth in California has outstripped that in Texas, Florida, Tennessee and North Carolina, which ranked higher in a recent CEO survey.Naysayers often cavil that California’s economic growth depends almost entirely on Silicon Valley and the capital gains income of its wealthiest residents, but its primacy in high technology encompasses fields outside Northern California, such as biotech.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good governance matters.

it's always a kick when people go to the '... the 5th largest economy in the world' card as the ace in the hole as why calif.'s gov't-first philosophy works while wanting to radically change or outright blow up the capitalist economic system that calif.'s economy operates under.

Why are people moving out if the economy is so strong

Then why are there so many homeless people in California, where they pay the highest Taxes in the country, where´s all the taxes going huh?

That nice

Because the lies are gonna lie.😃

You don’t even believe this propaganda

Foolish pastor, he sent a deacon 500 years ago with a holy supper outside Easter day and to protect Satan, he forbids his disciples to anoint and baptize, I came in the name of CHRIST to destroy you antichrist and ask people to pray for me amen

It's the inertia effect. California used to be a business friendly state not long ago.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines