In Texas America Trusts
The Economist this week (reluctantly, it seems) highlights that Texas is steadily establishing itself as "America Inc’s" new "center of gravity", outperforming all other states in business investment and population growth. Between 2020 and 2025, Texas created approximately one-fifth of all net new jobs in the United States, and it is currently on track to overtake California as the nation's largest economy.
They cover some key areas, yet they seem to miss the underlying reason behind these policies. It's almost as if they're too proud to believe that a Southern state—the antithesis to California, New York and Washington (not to mention the "Old World")—is beating them at their own game.
The Lone Star State's success rests on a simple formula:
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