California Capitalism (Project-Syndicate)

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.

Laura Tyson, a former chair of the US President’s Council of Economic Advisers in the Obama administration, is a professor at the University of California, Berkeley’s Haas School of Business, a senior adviser at the Rock Creek Group, and a senior external adviser to the McKinsey Global Institute – Lenny Mendonca is Chief Economic and Business Adviser and Director of the California Office of Business and Economic Development

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