Monday, July 25, 2005

Be like Ireland

Now it's California that has to be more like Ireland. A few weeks ago it was Tom Friedman urging France & Germany to be more like Ireland, but today a San Jose State University economics professor is urging California to emulate Ireland.

If California really wants to emulate Ireland then it needs to work hard at convincing the other 49 states that they should adopt suicidal economic policies that guarantee rigid labor laws, high unemployment and low growth. Once that's accomplished foreign capital will seek out California as a base from which to exploit the American market.