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California’s New Feudalism Benefits a Few at the Expense of the Multitude

Raising the Drawbridge

The Golden State has lots of billionaires but also high poverty and downward mobility, writes Joel Kotkin.

Joel Kotkin

Published Oct. 5 2013 5:45AM EDT

articles/2013/10/05/california-s-new-feudalism-benefits-a-few-at-the-expense-of-the-multitude/131004-kotkin-calif-tease-embed1_w7su9l — Gosia Wozniacka/AP

Joel Kotkin

Joel Kotkin

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