CALIFORNIA’S “BOOM” ABOUT TO GO BUST

CALIFORNIA’S “BOOM” ABOUT TO GO BUST

By Joel Kotkin

As its economy started to recover in 2010, progressives began to hail California as a kind of Scandinavia on the Pacific — a place where liberal programs also produce prosperity. The state’s recovery has won plaudits from such respected figures as The American Prospect’s Harold Meyerson and the New York Times’ Paul Krugman.
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