Peter Klein traces the ideological transformation of the UC system from a world-class research institution to a cautionary tale of government-subsidized capture.
California’s Decline: A Warning to America
The 2026 Mises Circle in San Diego. California was once a powerhouse for entrepreneurs and the middle class. Today, it’s a cautionary tale of high taxes, overreaching bureaucrats, and crony capitalism. Is the rest of America next?
Recorded in San Diego, California, on April 25, 2026.
Chris Calton links California's housing crisis to three books published in the 1960s that spawned three ideological movements, each of which handed activists and bureaucrats new tools to block development and destroy private property rights one permit hearing at a time.
