There is a lot of tailwind for California's economy. If I were starting a new company, I would stay away from California. Every possible metric is worse except for network effects and access to capital in SV.
>I wonder if that’s why people are moving out of California at a record rate. Same with companies
Probably because they are no longer competitive to afford them. If you want to argue that there needs to be a more compassionate, less capitalist competition to California then I'll walk back my argument as I would agree that there are tradeoffs there. If you were discussing there needing "to be some competition to California model" and referencing capitalistic model then I will still point to the fact that gdp per capita puts California as the best subnational polity
>Every possible metric is worse except for network effects and access to capital in SV.
Again if you meant to compare this to a non capitalistic market then you have a point, but if this is capitalism vs capitalism that's like saying "if you just remove all the ways they are winning, aren't they actually losing?"