Responding to headlines like the Guardian’s Will California Become America’s First Failed State? TIME magazine says “no way”.
According to TIME: the pioneering megastate that gave us microchips, freeways, blue jeans, tax revolts, extreme sports, energy efficiency, health clubs, Google searches, Craigslist, iPhones and the Hollywood vision of success is still the cutting edge of the American future — economically, environmentally, demographically, culturally and maybe politically. It’s the greenest and most diverse state, the most globalized in general and most Asia-oriented in particular at a time when the world is heading in all those directions. It’s also an unparalleled engine of innovation, the mecca of high tech, biotech and now clean tech. In 2008, California’s wipeout economy attracted more venture capital than the rest of the nation combined.
This article is unusually captivating for TIME magazine, passionate actually. There’s very little discussion of downsides but it’s no rah rah cheerleader speech either. I learned a lot about current California reading it.