California Update: The World’s 4th-Largest Economy – and the Home of “Shaq State”?

New data points to California as the world’s fourth-largest economy, supplanting Japan (with India likely soon surpassing the Golden State). What does that say about California as an economic powerhouse and a nation-state plagued by a dark economic underside (inflation, high cost of living, middle-class squeeze)? Hoover senior fellow Lee Ohanian and distinguished policy fellow Bill Whalen, both contributors to Hoover’s California on Your Mind web channel, join Hoover’s assistant director of content development Jonathan Movroydis to discuss California’s new global standing, the impact of looming Trump tariffs, the reemergence of former vice president Kamala Harris as she ponders whether to run for governor in 2026, political intrigue past, present, and future in Los Angeles, the ongoing struggles of California’s high-speed rail project, plus basketball great Shaquille O’Neal becoming the general manager of Sacramento State’s men’s basketball team – and whether state government likewise could benefit from a star athlete’s intervention. Recorded on May 1, 2025.