Friday, March 06, 2009

Utopia

They called it paradise
The place to be
They watched the hazy sun
Sinking in the sea

An excellent analysis of how the this country's richest state is committing suicide.

Probably a foretelling of how the world richest country will ultimately implode.
California has the worst credit rating in the nation. It has the fourth highest unemployment rate and the second highest home foreclosure rate, thanks to enormously inflated prices due in part to complicated building regulations, high labor costs, and often Byzantine land-use restrictions. California's net state-to-state migration loss was higher than every other state. Most reports suggest that those who are leaving the state are far more highly educated than those entering it.

If we can agree that Californians have somehow squandered a rich natural and inherited wealth, what were the root causes of this collective suicide?

Critics disagree. Some cite expanding but inefficient state government, out of control state pensions and oppressive taxes. Or is the problem costly prisons and astronomical rates of incarceration, illegal immigration, unchecked welfare, and oppressive regulation and environmental restrictions?

All these may be true. But less discussed is the common culprit: a weird sort of utopian mindset. Perhaps because have-it-all Californians live in such a rich natural landscape and inherited so much from their ancestors, they have convinced themselves that perpetual bounty is now their birthright -- not something that can be lost in a generation of complacency.


More...

2 comments:

Anonymous said...

Hubby and I fled CA just in time, taking his electrical engineering degree and my accounting/MBA with us. We're in PA now and couldn't be happier!

gordon gekko said...

Congrats on your exile for the liberal paradise.

Unfortunately, I see PA, OH, MI and the Northeast corridor falling right behind them.

Keep some of those boxes packed up.