Gavin Newsom wins, but California loses

Source: The Post
Published: Sep 15, 2021
Author: JOEL KOTKIN
Post Date: 2021-09-15 20:35:57 by tankumo
Views: 328

The lopsided defeat of the effort to recall Governor Gavin Newsom in California assures that, for the foreseeable future, the progressive gentry and their public sector allies remain firmly in charge of the world’s most important technology and mass entertainment economy. Yet if things look good now for the coiffed Chief Executive, they may be taking a turn for the worse in the years ahead.

It certainly means hard times for the state’s middle and working classes. Newsom’s win will lead to ever more stringent energy policies that have already decimated the state’s industrial sector. Ever since California decided to lead the “war” against climate change in the past decade, the Golden State has lost its ability to create well-paying private sector jobs. Even without adjusting for costs, no California metro area ranks in the US top ten in terms of well-paying blue-collar jobs. But four — Ventura, Los Angeles, San Jose, and San Diego—sit among the bottom ten.

The devastation of other sectors, notably energy and agriculture, seems all but certain as greens and their regulator allies squeeze both sectors. It already suffers the highest cost adjusted poverty rate, a higher leve...........

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