Nestle USA has announced that it will move its headquarters from Glendale, California, to Rosslyn, Virginia, taking with it about 1200 jobs. The once Golden State has lost some 1600 businesses since 2008 and a net outflow of a million of mostly middle-class people from the state from 2004 to 2013 due to its onerous tax rates, the oppressive regulatory burden, and the genuine kookiness which pervades among its ruling elites.* A clueless Glendale official is apparently unconcerned about the financial repercussions of Nestle’s departure saying that it was “no big deal” and saw it as an “opportunity,” whatever that means! The stampede of businesses out of what was once the most productive and attractive region in all of North America demonstrates again that prosperity and individual freedom are best served in a political environment of decentralization.This is a textbook example of just how unnatural and unsustainable big business is. It germinates and flourishes in conservative cultures, thanks to a deep-seated respect for initiative and private property. However, at a certain point, big business begins to encourage the rootlessness and radical individualism on which leftist ideology is based. The more isolated the individual, the more each person looks to consumerist culture for a sense of identity and purpose, which someone will happily supply -- at a price, of course. But at another critical point, the leftist mindset becomes destructive, actively undermining the very institutions that made commerce possible by whipping the flames of envy and resentment, which erodes self-reliance and initiative. California's "progressives" are speeding toward that cliff at Thelma and Louise velocity.
Thursday, February 23, 2017
California, Nestle and Decentralization
Here's a cycle we've noticed in the past. From Antonius Aquinas:
Posted by Old Rebel at Thursday, February 23, 2017