California, Texas and America's Future

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A view of the California State Capitol in Sacramento, California. (Justin Sullivan/Getty Images)

California and Texas have the country’s two largest economies, but take radically different approaches to governance: Texas embraces low taxes and little regulation, whereas California is known for its higher taxes and environmental safeguards.  Both powerhouse states are models for what the future of the U.S. could look like. We’ll talk about those two competing visions with Economist senior correspondent Alexandra Suich Bass, author of the new article “California & Texas: A Tale of Two States.