Texas emerges as America's new corporate and economic hub
By
The Economist
Pulled from the oven a few minutes early. Edible, just barely.
Summary
Texas has become America's new corporate and economic center of gravity, attracting major companies like Exxon (which reincorporated there) and drawing talent and investment away from other states. The article uses the popular song "Choosin' Texas" by Ella Langley as a cultural metaphor for how policymakers across the country are losing the competition for business to Texas, which has established itself as a dominant force in what the article calls "rodeo capitalism."
Key quotes
· 3 pulledJust when I thought I got him to fall in love with Tennessee, I shoulda known better than to take him back to Abilene.
Much like Ms Langley, they are losing to Texas.
Exxon's reincorporation is one more feather in the state's cowboy hat
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