California doesn’t even try to draw business to the state. They just try to keep people from leaving.
California is at the forefront of China’s beginning investment boom in the United States. The Golden State attracted 156 deals from 2000 to 2011, one quarter of all Chinese investments in the United States in this period. With its long history with China, the most sizable Chinese American population in the country, and more inward investment deals from China than any other state, California is in a position to lead the nation in attracting Chinese investment in the decade to come.
Those flows would bolster employment, feed the tax base, generate exports, and bring positive spillovers of know-how and relationships. However, these benefits are not foreordained. Competitors for these dollars are ramping up efforts to attract Chinese firms, and they could well out-compete California if the state fails to resolve its fiscal and political problems, provide attractive terms to Chinese firms, and demonstrate its readiness to stand up for Chinese investors and address OFDI impediments at the national level.
This type of behavior - tit for tat - is specifically prohibited in the “ethics standards” of most corporations. But this is not very surprising, because the the ethics standards of most politicians consists of “anything that they can get away with”.
“California doesn’t even try to draw business to the state. They just try to keep people from leaving.”
No. They don’t even do that. Darrell Steinburg basically told the CEO of a company that was pulling out of Folsom “don’t let the door hit you on your way out”. He is the ultimate elitist asshole progressive.