economy
Welcome to California: land of plunder and hypocrisy
From gold to water, California’s wealth was built on extraction. The AI boom is reviving an old question: who pays the price?
TL;DR
- California's wealth is historically built on resource extraction (gold, water).
- The AI boom is bringing back the question of who pays the price for this extraction.
- The article sets a framework to analyze the costs and beneficiaries of California's economic booms.