> We hear plenty of reasons for the perfect storm that imploded California. One-party, progressive government, of course. Decades of unchecked illegal immigration, without doubt. Years of mass flight out of state of the productive middle classes, certainly. > But perhaps the most important, but overlooked, reason has been the infusion of trillions of dollars of mostly tech capital into the state. Unimaginable sums of market capital warped politics and led to a top-down, feudal society, run by progressive elites who are shielded from the ramifications of their own toxic ideologies. > More specifically, the common denominator was the emergence in California of a selfish, monied, left-wing political class. In concrete terms, it cared little for others but masked that unconcern with abstract leftism, emulating medieval penance and indulgences to assuage guilt over its enjoyment of sheltered and very good lives.