Over at Reason magazine online Tim Cavanaugh has an interesting piece up titled, “California: The American Greece. It opens thusly:
What do Europe’s most bankrupt nation-state and America’s most bankrupt united state have in common, aside from being bankrupt?
In what is undoubtedly a coincidence noticed only by free-market fundamentalists, it turns out that Greece, that sun-drenched paradise on the Aegean, and California, that sun-warmed El Dorado on the Pacific, are the worst places to do business in their respective economic zones.