California, we often hear, is a lousy place to do business. It’s riddled with needless regulations that make it hard for businesses to survive. Those are the words of this state’s detractors, who delight in noting that before this year, California had slight population declines for awhile. Some of that was spurred by the movement of white collar workers toward operating from home, which began during the Covid-19 pandemic. Plus, corporate headquarters have departed in droves. But if all that’s true, why is California still carrying the national economy? This may come as a surprise, but it’s true. With a gross domestic product (GDP) of $4.08 trillion, California far outpaces No. 2 Texas, which
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