Location, location, location. Cheese; some peeps like the crunchy pockets of blue, some favor the runny Camembert. Old-money vs. New Money and pop-goes-the-weasel-bubble. There are hard-pockets of real wealth and even old-school Patronage here in California that resist the cave-in. Stockton is a notorious example of hyper-suburban grown in an unsustainable, distant cornfield – pure ethanol fueled by the sub-prime mortgage bubble, the city grew outside itself on quicksand – and became know as the crack-head capital of the Central Valley where pot-farmers bought whole houses in bunches and converted them to grow-operations. The new residents didn’t even know their own city, but traveled outside as much as 2-hours each way to work elsewhere.
Nobody had a stake in their own equity or growth, it was just a Central Valley people-farm, and the City itself only has an established basis with “real” equity-capital in the heavy-industry downtown area, where the work is hard, low-paying, blue collar work unloading cargo ships – un-glamorous and non-techy.
Googlopolis is in very good shape financially, bolstered by investments in/from technology that still bubble up in Silicon Valley, floating on/under the University bubble that feeds Stanford and the research centers. That could go but the Stan-Fu endowment and investments haven’t been butchered the way Haavaad has handled theirs.
The problem here is that the more fiscally responsible states will be forced to bail them out. I am thinking it would have been better to just vote for more spending. If I have to pay the price, it would have been nice to reap the benefits.
Actually we just need to sub-divide the state logically into it’s natural geographical units – and let LA go be it’s own little leftist Monarchy.
The Central Valley still provides over half the fruits and vegetables consumed in the U.S. with $26 Billion in annual sales, and the Salinas Valley alone contributes much of the lettuce and strawberries.