We should be building Fabs in California, Cars in California, getting the smartest people in the world here, in solid numbers. Perhaps we’re in a global competition and we’ll not be the largest economy soon, perhaps we’re too busy with pronouns to notice.
People pattern-matched that the house prices always went up, assumed it was an axiom, and that drove us into a recession. Gavin Newsom will observe that California always grows and people have been talking of leaving the state for years, they never do - axiom. Basically, physics (cause-effect) stops mattering if you pattern match history.
Biggest threat to California is being taken over by the employee-bureaucracy class - that never has built anything. It is in their nature to pattern match so de effects of actions and treat them as axioms, and they miss the big picture, and they’re consistent as hell in it. And they vote very left.