As its economy bounced back from the Great Recession, California emerged as a progressive role model, with New York Times columnist Paul Krugman arguing that the state’s “success” was proof of the superiority of a high tax, high regulation economy. read more »
Silicon Valley
High-Flying California Charts Its Own Path -- Is A Cliff Ahead?
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Meet Marble
I’ve lived in this neighborhood for so long that I’ve grown used to tech start ups beta testing their schemes on my doorstep. I remember the first time I saw a car drive by with a huge furry pink mustache strapped to the front grill between the headlights. That was the start of Lyft. I have a clear memory from 2008 when a friend rented her apartment out on a new internet platform. That was Airbnb. Back in the late 1990s during the dot com bubble there was a start up that would deliver everything from milk to condoms via bicycle courier. read more »
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Can California Survive a Tech Bust?
California’s economic revival has sparked widespread notions, shared by Jerry Brown and observers elsewhere, that its economy — and policy agenda — should be adopted by the rest of the country. And, to be sure, the Golden State has made a strong recovery in the last five years, but this may prove to be far more vulnerable than its boosters imagine. read more »
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Why Socialism Is Back
Even as Venezuela falls deeper into crisis, and the former Soviet bloc nations groan under its legacy, socialism is coming back, and in a big way. Its key supporters are not grizzled pensioners yearning for Marxist security, but a whole new generation, most of whom have little memory of socialist failure. read more »
Amazon Eats Up Whole Foods as the New Masters of the Universe Plunder America
“We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we can’t have both.” —Justice Louis Brandeis
With his $13.7 billion acquisition of Whole Foods, Amazon’s Jeff Bezos has made clear his determination to dominate every facet of mass retailing, likely at the cost of massive layoffs in the $800 billion supermarket sector. read more »
The Superstar Gap
The biggest challenge facing many cities in transitioning to the knowledge economy is a shortage of “A” talent, especially true superstars.
All “talent” isn’t created equal. Crude measures such as the percentage of a region with college degrees, or even graduate degrees, don’t fully capture this. It is disproporationately the top performers, the “A” players and superstars that make things happen. read more »
The Silicon Valley Mindset
The tech industry is one of the most powerful entities affecting our world. But who are these people? And what do they believe and how do they think about the world? A couple of recent articles provide a window into this. read more »
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The California economy's surface strength hides looming weakness
If you listen to California’s many boosters, things have never been so good. And, to be sure, since 2011, the state appears to have gained its economic footing, and outperformed many of its rivals. read more »
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California: The Republic of Climate
To some progressives, California’s huge endorsement for the losing side for president reflects our state’s moral superiority. Some even embrace the notion that California should secede so that we don’t have to associate with the “deplorables” who tilted less enlightened places to President-elect Donald Trump. One can imagine our political leaders even inviting President Barack Obama, who reportedly now plans to move to our state, to serve as the California Republic’s first chief executive. read more »
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How the Visa Ban Will Hurt US Innovation
A key reason for the prosperity found in the United States is the ability of universities and companies to attract the best and brightest people from abroad. Shutting out skilled individuals from entire countries could have grave consequences for America’s intellectual institutions as well as knowledge-intensive businesses. The obstacles put in place following the 2001 terrorist attack did reduce the position of the US in the global competition for talent, yet the regulations were about increasing security and allowed those that had been screened to enter. read more »