I don't know whether the train will crash or CA will just devolve into a 3rd world state, but a lot of folks talk about the hope after a crash. Why would there be hope? You'd still have the same cast of characters.
Why hope after the crash, simple, nothing every stays the same. The socialist have has a long rung, but their policies do not (and can not work, because of human nature) and at some point it all falls apart.
Do you think after the crash the people will embrace more of the same policies that got them to that point?