The not so Golden State

Schumpeter's, of the Economist, comment that "It seems unlikely that California will ever challenge the likes of Texas or North Dakota at the top of business-friendliness tables" makes an assumption that such friendliness automatically creates a good economy.  California's capital gains gusher is the reflection of an economy far superior to that which just digs a hole the ground.  Besides, North Dakota's current oil and gas extraction success would have happened even if with regulations as onerous as Norway's.