Business Flees California Due to Overregulation

Business Flees California Due to Overregulation

by Martin Armstrong Armstrong Economics California has been repelling capital through overregulation. The energy sector high-tailed out of the state in recent years under Governor Gavin Newsom’s net-zero policies. Now, even retailers feel forced to evacuate as California becomes increasingly anti-business. Bed Bath & Beyond announced that it must close all retail stores within the state of California. “This decision isn’t about politics—it’s abo…

Newsom’s Policies Repel Another Major Brand, Then Mocks Them Online

Bed Bath & Beyond’s Executive Chairman Marcus Lemonis announced Wednesday that the company will not open or operate retail stores in California, citing high costs and heavy regulation as reasons for the decision. In a statement posted on X, Lemonis said the move was not motivated by politics but by the company’s need to remain financially viable. “California has created one of the most overregulated, expensive, and risky environments for busines…