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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCalifornia v. Texas in fight for the future
It is not a national election year, but the red state versus blue state wars continue. Texas Governor Rick Perrys recent foray into California, to lure away businesses and jobs, signals more than a rivalry between these two mega-states. The Texas-California competition represents the political, economic and cultural differences driving American politics today and for the foreseeable future.
Texas and California are robust political and economic competitors. We dont know which will be the template for the future. As California emerges from its economic and fiscal doldrums and some of Texas vulnerabilities become evident, it is now far from certain that Texas will emerge the victor.
California is a global hub for trade, tourism, culture and the manufacture of ideas and intellectual property. From high tech and biotech to entertainment, travel and logistics, the states brand transcends national boundaries. The Golden State tops the nation in agriculture. It also sets the pace on green energy development, which could lead to a dramatic increase in the states energy production.
The Texas economy has always been based on energy and agriculture. But the Lone Star State has been building a manufacturing and service base, attracting businesses with lower wage rates, weak unions, a friendly regulatory climate and large fiscal incentives. It remains to be seen whether it can maintain its economic momentum and overcome the inevitable obstacles to growth, such as a popping of the latest energy bubble.
http://blogs.reuters.com/great-debate/2013/03/08/california-v-texas-in-fight-for-the-future/
Thinkingabout
(30,058 posts)Your industries and business. No, let's make a better deal you can just take Perry and keep your businesses.
LeftInTX
(25,366 posts)We got 4 gas stations on every corner.
ETA: An exaggeration, but we got lots of gas stations around here. No excuse to run out of gas.
JRLeft
(7,010 posts)Cleita
(75,480 posts)Most successful businesses know that their bread is buttered pretty nicely in California in spite of higher costs of doing business. Oh, and I hope Texans enjoy the pollution that is going to accompany the new manufacturing base because of the lack of regulations that seem to be offered with the pie.