Friday, November 19, 2010

Why do the richest, best educated, most 'sophisticated' states tend to be bankrupt?

Massachusetts, New York, Illinois, California:  all rich states chock full of well educated people.  The states with our most glittering and sophisticated cities.  And all economically moribund and sliding towards bankruptcy.

What is it about all of these 'rich' 'smart' 'cool' people that leads them to do such self destructive things?  Why do  such 'smart' people govern themselves so stupidly?

It's quite the paradox, isn't it?

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