California Capitalism
After years of inaction by the US federal government, state governments like California's have forged ahead with solutions to challenges such as climate change and labor-replacing automation. Indeed, the state is developing its own distinctive political economy.
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BERKELEY – Despite multiplying policy challenges, the United States is crippled by political polarization and consumed with rancorous partisan arguments (often on Twitter and without facts). The resulting paralysis at the federal level means that progressive federalism and initiatives by individual states will be the main channels for policymaking in 2020, and likely beyond.