Now you know why the rent-seeking community descended on San Francisco this weekend for the CA Democratic convention. They cannot afford to allow anyone else pick the state’s political leadership.
But notice also how little of the state’s population the rent-seekers represent: Less than 10 percent of the state’s population and just 20 percent of the state’s workers. But they control 100 percent of the state’s political power. That’s why they are California’s Oligarchy.
Yesterday this is how the Oligarchy voted for governor:
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“Rent Seeking”