Commentary: An Economy That Serves Nobody Except Those in Charge

Suits

As we outlined in Part One, here in California, we have an economy that would be the fifth largest in the world if it were to be separated as a standing nation. Home to Silicon Valley, Hollywood, world-class agriculture, and medical schools, California is an economic powerhouse.

Yet we, in California, have the highest poverty rate in the nation. We have a majority of the nation’s homeless people. We have the highest overall tax rates in the nation. Our energy costs are double that of the national average. Our per-student spending in schools is well above the national average, yet our students consistently have below-average grade-level test scores. Our major cities are crime-ridden, our power grid is woefully vulnerable, and our beaches are regularly closed due to raw sewage contamination.

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