innovative, productive, and culturally influential places on earth. But it has lost its monopoly on the future. Other states are no longer just cheaper alternatives. They are building complete ecosystems—housing, schools, production facilities, transit, and cultural amenities—designed to make California transplants feel at home. Paramount’s threat to leave is a warning, not a death sentence. The supercommuters of the Altamont Pass are a sign of dysfunction, not an unavoidable cost of success. The real estate pipelines from San Jose to Austin and from Los Angeles to Nashville are evidence that California’s biggest exports are sometimes its own workers. California can adapt. It has done so before. But adaptation requires honesty: the state must build, not just dream. It must decentralize opportunity, not just celebrate its coastal enclaves. It must compete for jobs, not assume they will always come back. And it must accept that the next reinvention may happen in Fresno, Baker...