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.
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