I guess, but it’s been 15 years since I read articles about California being on the precipice of an imminent financial failure. Didn’t happen. Some of the same arguments were made back then.
Some things can’t be predicted timing-wise even though you are sure they will happen eventually. When will the Yellowstone caldera erupt?
Puerto Rico gave us a clue—natural disaster that took away the façade of normalcy.
In California’s case a few big earthquakes, loss of power for several weeks, and world-class urban riots might be the straw that breaks the camel’s back.
Tech doesn’t work well without electric power...