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California Becomes the World's Fourth-Largest Economy, Overtaking Japan (cnn.com) 165

"Only the United States, China and Germany have larger economies than California," reports CNN.

In fact, they add that California "outpaced all three countries with growth of 6% last year," according to the California governor's office (which cites new data from the International Monetary Fund and the U.S. Bureau of Economic Analysis): In 2024, California's growth rate of 6% outpaced the top three economies: U.S. (5.3%), China (2.6%) and Germany (2.9%)...

With an increasing state population and recent record-high tourism spending, California is the nation's top state for new business starts, access to venture capital funding, and manufacturing, high-tech, and agriculture. The state drives national economic growth and also sends over $83 billion more to the federal government than it receives in federal funding. California is the leading agricultural producer in the country and is also the center for manufacturing output in the United States, with over 36,000 manufacturing firms employing over 1.1 million Californians.

The data shows that last year California accounted for 14% of America's GDP, CNN points out, "driven by Silicon Valley and its real estate and finance sectors."

California Becomes the World's Fourth-Largest Economy, Overtaking Japan

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  • by backslashdot ( 95548 ) on Saturday April 26, 2025 @03:08PM (#65333123)

    Most conservatives keep repeating the mantra that California is a failed state. The basis for that is that 15 years ago, for one year out of decades, California got one cent more in federal dollars than then put in. One year over a decade ago. And they insist it's' a failed state. A state with a lower homicide rate, and a lower drug OD rate, than Florida is somehow a failed state in the MAGA brain.

    This narrative by cherry-picked selective reposting is the same way MAGAs are made to believe Biden imported 10 million illegal immigrant rapists and murderers, yet somehow the homicide rate reduced. They make you believe that because they only go into a frenzy about murders by illegal immigrants .. they don't tell you that 16 people are murdered every day by citizens -- do you know even one person? Same way people are afraid of plane crashes more than driving though airplane travel is the safest form of transportation per mile AND per trip, with an average annual injury rate of just 0.01 injuries per 100 million passenger miles traveled. Nowadays the FBI and federal govt. resources are chasing easy-to-catch immigrants while ignoring investigations of rape and murder. Immigrants not only have a lower crime rate, but actually reduce the probability of a native becoming a crime victim.

    • by Meekrobe ( 1194217 ) on Saturday April 26, 2025 @07:40PM (#65333711)
      Democratic donors just don't fund the culture wars the same way Republicans do. I don't know why we don't have Democratic youtubers that go into deep red states showcasing broken down trailer parks and crackheads and just repeat 24/7 about how conservative policies have failed these people. Yet for the same reason, Republicans all over the country think the world's 4th or 5th economy is a communist hell hole.
    • like to cherry pick stats and use the ones that favor their viewpoint is a known thing, AND it also does NOT mean the stats they choose not to push do not exist. If both sides paid more attention to each other instead of closing their eyes and plugging their ears, they'd each have to confront the stuff they like to ignore and thus would both have to align more closely to reality.

      Now, having said that, I note that you are clearly a partisan of the left in need of facing some of the stuff you chose to ignore,

  • by rsilvergun ( 571051 ) on Saturday April 26, 2025 @03:13PM (#65333149)
    I have it on good authority from Fox news, newsmax and oan that California is a smoldering hell hole where the only local industries are crime and dying girls hair blue.
    • It's true. If you watch Fox News, you should definitely not come to California. Everything is on fire, homeless bands roam the coast shitting on beach towels and masturbating, executives are living in their cars, everyone has to pick one of the LGBTQIA+ letters, the guns have all been taken away, and bears are starting to eat people now that no one can afford food and there's no trash for them rummage in.

      For the love of God, Fox News viewers, stay away...

  • by Grokew ( 8384065 ) on Saturday April 26, 2025 @03:49PM (#65333259)
    Did California finally secede?
    Can I move to California in order to avoid King Trump?
    • Unfortunately not, but maybe when the rotten cheeto decides to cut us off for some imagined slight, we'll cut of the money we pay the feds in return

      • Don't the feds collect mostly directly?

        But more importantly, he who controls the purse strings controls all. If California decided to secede, it would instantly cripple the US economy. Sending in the military wouldn't help at that point, because you can't force a region to be highly productive at gunpoint.

        It's strange to me to watch large populations willingly funding their own oppression.

        • "Sending in the military wouldn't help at that point"

          Also, who says the military chooses to side with the US? The current deployment of American troops in California makes it the second most powerful military in the world. Add the geographic advantage of being behind a mountain and it's not even clear the US could take California without levelling the entire thing and destroying its value to the union.

          • >Also, who says the military chooses to side with the US?

            Well, the fact that there are a lot of right-wingers in the military and Trump is doing a pretty good job of replacing the top levels of command with those who will follow his direction without a care for the constitution, country, or people.

            Secondly... whichever way the military goes, it's siding with the US. The country's split, both sides have a valid claim to be 'true Americans'. It's just that one side's a bunch of ignorant hateful fascists

  • by greytree ( 7124971 ) on Saturday April 26, 2025 @03:56PM (#65333277)
    If the US and China and California all count as "economies" then why does Europe not count? Southern China? Eastern US?

    More bullshit from people who don't care any more.
    • by godrik ( 1287354 )

      Europe, Southern China, and Eastern US don't have governments and they don't report economic numbers. So you can't really report them easily. I suppose one could estimate them.

      But the US and California both report economic numbers, so you can do rankings.

    • It's just a comparative measure of the state's size. Not a statement about its independence as a country. And yes, EU's economy as a whole is bigger than China... so count California as 5th.

      • It's also a comparative measure of that state's very high (top 4 in the country) GDP per capita.
        Top 5, if we count DC, which isn't a state, and full of Government lobbyists and politicians making between an 8th and a quarter of a mil at the low end.
    • by mjwx ( 966435 )

      If the US and China and California all count as "economies" then why does Europe not count? Southern China? Eastern US?

      More bullshit from people who don't care any more.

      Erm... the Eurozone certainly does count, although like the US the EU is a loose confederation of different states, far looser than the US as each country has their own government independent of all the others, few common laws and even those are very, very loosely enforced.

      China is a different kettle of fish as their entire government is centralised. The UK publish statistics for each country (Scotland, England, Wales and Northern Ireland), Australia for each state, same with Germany, it's just that most

  • Median wage (Score:5, Insightful)

    by Njovich ( 553857 ) on Saturday April 26, 2025 @04:35PM (#65333391)

    Median wage in California is 10th place, not of the world, but of US states and territories. It's between Minnesota and Colorado.

    California's GDP has nothing to do with the people of California. A bunch of big tech companies and media conglomerates have their HQ there and that's where the income of all their US revenue is registered. Their foreign income is usually registered in some tax haven. This talk about agriculture is nice, but at $60 billion it is barely relevant for the so called 'GDP' number.

    Of course there is a large amount of medium to high income people in California, but overall these numbers just reflect some tech bro/billionaire dream rather than anything that is useful for normal people. Median wage is the best indication of how people of a state actually do.

    As for the comments saying cities in California are a shithole... well they kind of are aren't they?

    The summary makes a big deal about tourism, but with 15 million international tourists per year it's barely even registering on the charts. It's a number similar to croatia. National tourism might be bigger but it's hard to get numbers, compare them or even define it.

    • 5th, actually. 6th if you include DC, which isn't quite fair, but I'll leave it there in case you want to pad your numbers more.
      No idea where you got your 10th from, but I'm guessing it's "median income*********"
      • by Njovich ( 553857 )

        Nope. If you are going to correct someone please be accurate.

        https://en.wikipedia.org/wiki/... [wikipedia.org]

        I specifically stated median wage for states and territories for which my number is accurate.

        I think you took median household income for only states, which is not what I stated at all and I can go into a whole reasoning here, but the short version is that I believe wage is more representative because it matters more for this number what people get paid for doing a job than how many people are in a household.

    • Re:Median wage (Score:4, Interesting)

      by ScienceBard ( 4995157 ) on Sunday April 27, 2025 @12:09AM (#65333999)

      California's GDP has nothing to do with the people of California.

      California has been a tremendous beneficiary of the integration of China into the US supply chain. There are many, many parts of the economy of California that exist largely because they are the US portal to China, including the tech company presence in the state.

      We are entering a world where China will increasingly be cut out of US economic policy, for better or ill. There's a fantasy that the trend will reverse, but there is a reason the Biden administration didn't reverse all the Trump policies on China from Trump's first term: it's broadly recognized in US intellectual circles that China has for decades gamed the economic landscape in hopes of leveraging that into political and military power. The prevailing view has become that China represents an existential threat to the US so long as the US cannot manufacture its own critical wares without it. Not just things as trivial as phones, but things like grid scale transformers for delivering power are basically entirely Chinese at this point. That's not good.

      Trump is a blunt instrument, and frankly I don't much like him. But I think his China policy in particular is representative of where all the winds are blowing politically in the US. That's extremely bad news for California, whatever other challenges it may face. Best case scenario for California is that trade shifts to other southeast Asian nations, and they stay the portal for trade. But that doesn't appear to be where things are headed. If I had to guess I'd say the future is a mix of more local suppliers with a very strong Indian manufacturing base. Trade from India currently comes predominantly through the East coast of the US, not the West.

      My bets wouldn't be strongly on California going forward, and its politics are the least of that calculation. That said, inertia is a powerful thing. I don't think California is going to fall apart tomorrow, but I do think its going to have to reckon with a steadily harsher economic landscape. Maybe it will navigate that well, but historically that transition has been unkind to trade nexus'.

  • congrats! (Score:2, Insightful)

    California also has nearly 50 times as many homeless people than Japan, with a quarter of the population! So congrats, I guess. Keep winning at what matters.

    • California also has nearly 50 times as many homeless people than Japan, with a quarter of the population! So congrats, I guess. Keep winning at what matters.

      At least 10% of them came here after becoming homeless, because their home states won't provide them with social services. For example, Texass is one of the five states that decided they didn't want their people to have health care, so they didn't expand Medicaid to people from 18-65. A lot of states make it a nightmare to stay on SNAP, by implementing optional property limits even for people with broad-based categorical eligibility [usda.gov] (Texas is one of those, too, surprise surprise.) California has to bear the

  • The USD-JPY valuation settles in a bit. It can tip the scale either way.

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