… I remember when people (including my wife and me) moved to California because it was a place full of opportunities for growth. I also remember watching those opportunities slip away as the state became more tightly regulated. Eventually, Mrs. Hoge and I slipped away as well.
Of course, there’s nothing particularly special about California’s politicians and bureaucrats other than the size of the bureaucracy. They function with a typical level of incompetence. It’s no surprise to me that a state with significant energy resources is facing power blackouts because it has mismanaged its forests and energy production and distribution systems.
If you live in a well-managed state and you’d like a preview of a tightly regulated economy looks like, look at California. If you’re a one-percenter or the right kind of bureaucratic professional, you may like it. Otherwise, …
Afterthought— I used the term one-percenter in the paragraph above. That can refer to either an outlaw motorcycle gang member or a member of the wealthy elite. Either meaning works in that sentence.