(3BL Media/Justmeans) — President Donald Trump is at war with clean energy, immigration, taxes, and regulations, because, he says, these things represent a threat to our economy. He yearns for the days when oil companies, not tech firms, were the largest in the world, and when white people comprised an uncontested majority of the US population.
But his claim that re-establishing that order in a world that has totally changed will somehow make America great again, is misinformed. As Matthew Winkler brilliantly showed in Bloomberg View, he need only look at California to see the error of his ways. While actively embracing the things that Trump wants to get rid of: regulations, renewables, and immigrants, California, whose economy, at $2.3 trillion (according to the WEF) falls, just behind the UK, as the world’s sixth largest, “is the chief reason America is the only developed economy to achieve record GDP growth since the financial crisis of 2008.”
The state’s economic growth is expected to continue to outpace the rest of the nation, through 2020.
And yet, California is not on the US Chamber of Commerce’s top ten list of business-friendly states with low taxes and regulations (which was topped by TN, SD, and WY). The Chamber’s idea of what drives a state’s economy seems to be in sync with the president’s, yet at least in the case of California, both deviate from reality. But then the Chamber, as witnessed by this report from the Cato Institute posted on their website, characterizes regulation as the antithesis of freedom (as opposed to protection) and ranks the US 22nd in the list of countries that are most free (2011 data), largely because of it.