Source: Foundation for Economic Education
by Mark Moses
“For over a century, California stood as a frontier of first resort for the ambitious, attracting those eager to escape old-world constraints in exchange for a promise of radical autonomy. This California Dream was not a byproduct of luck; it was forged by a Gold Rush mentality that enshrined risk-taking as a prerequisite for success. This unique acceptance of failure sank roots early in the state’s consciousness, fueling a risk culture that welcomed entrepreneurs from around the globe. Supported by a strategic Pacific Rim location and fertile lands, this environment allowed innovators to transform California into a global powerhouse for agriculture, entertainment, and technology. However, modern political policies have effectively inverted these historical strengths, transforming a once-nimble sanctuary into a restrictive regulatory state.” (02/18/26)