California has been the greatest economic miracle in modern history. People came here to build, to dream, and to better their lives. But today I believe we are living off the inheritance of past generations instead of building a future of our own.

In this solo episode, I make the case that California has become a “trust fund society.” We are coasting on the wealth and institutions created before us while making it harder to build, harder to afford a home, and harder to run a business.

I walk through the anti-growth movement, the housing crisis, and the paradox of Silicon Valley’s dominance at the same time Sacramento seems hostile toward tech. I argue that California has ignored a basic truth: prosperity depends on building. Drawing on history, economics, and culture, I explore what it means to inherit greatness and what it will take to reclaim California’s role as the world’s engine of dynamism.

This episode also wraps up Season 1 of the Podcast! I am pausing the show as my wife and I welcome our second child. Thank you for all of you who have followed along with the journey so far. See you in the future.

Chapters:

00:00 – Pausing the Pod

02:04 – California as a Trust Fund Society

04:30 – The Cyclical Nature of Wealth

06:15 – California’s Past Success

08:34 – California’s Stagnation

12:49 – California Beats Up Our Tech Sector

20:12 – European Decline

22:07 – We’re Killing the California Dream

Keywords:

California, California Dream, trust fund society, California politics, California history, California economy, California housing crisis, California anti-growth movement, California building crisis, Pat Brown, Jerry Brown, CEQA, California infrastructure, California water, California aqueduct, Silicon Valley, California tech industry, California tech policy, California business climate, California stagnation, California GDP, California per capita income, California poverty rate, Public Policy Institute of California, PPIC, California high speed rail, California renewable energy, Texas vs California, California vs Texas economy, California companies leaving, Oracle California, Chevron California, HP California, In-N-Out Tennessee, housing affordability California, California regulation, California future, California innovation, California Future Society

Subscribe at californiafuturesociety.com

El Segundo is five square miles of extremes: a small-town beach community with Fortune 500 headquarters, a refinery, three pro sports teams, toy showrooms, rocket labs, and more PhDs per capita than almost anywhere in California. Mayor Chris Pimentel pulls back the curtain on how this tiny South Bay city became one of the most dynamic economic hubs in the state and the culture within city hall. We dig into El Segundo’s advantages, the culture that attracts global innovators, and what other cities can (and can’t) copy.

Chapters

00:00 – Intro

05:46 – How El Segundo punches above its weight

10:40 – Culture at city hall and lessons

17:59 – The cultural role of startups

22:15 – Reindustrializing LA

25:00 – CA housing politics

30:11 – Restoring the CA dream

35:42 – Hope for CA's future

Keywords: El Segundo, Chris Pimentel, California cities, South Bay, Fortune 500 companies California, aerospace California, hard tech startups, deep tech startups, California innovation, LA economic development, small city big economy, red carpet not red tape, municipal governance, business friendly cities, California housing policy, industrial California, California manufacturing, Los Angeles County cities, regional collaboration California, California Future Society.

I sit down with my friend Chris Lengerich, a researcher, investor, and founder of Context Fund, to map the AI “gold-rush” reshaping California’s most important economy. After talking about how we ended up with nine-figure talent bidding wars for AI talent, we discuss how smaller teams, AI-accelerated funding, and vertically-integrated TechBio firms will upend SaaS economics and, could let us “asymptote to having no disease.” We finish by weighing whether California’s network effects keep it the epicenter of the AI boom and what get Chris most excited about the future.

Chapters:

00:00 – Introduction

03:47 – The AI Gold Rush

06:53 – The War for Top AI Talent

11:39 – Verification: The New Frontier

14:12 – Automating the VC Funding Process

25:37 – AI-Powered Teams and Startup Dynamics

29:16 – AI in Drug Discovery & Development

37:11 – Personalization & Reducing Friction

40:30 – California’s Role in the AI Gold Rush

45:37 – The Inner vs. Outer AI Economy

48:23 – Curing Disease with AI

Keywords:

AI gold rush, California tech economy, talent wars, verification APIs, reinforcement learning, funding automation, Context Fund, build-vs-buy, TechBio, personalized tooling, mainframe renaissance, data-center energy, venture capital, vertical integration, disease-cure asymptote, global verification hubs, policy competition, inner-vs-outer economy, network effects.

In this solo episode, I reflect on a question I keep coming back to: How do you actually change California politics? After nearly 20 episodes of California Future Society, I’ve started to see clear themes focused around a desire for change. I walk through historical examples of movements that drove real change, from the Progressive Era to Prop 13 to modern groups like GrowSF and YIMBYs. Movements, not parties, are what shift political incentives and lead to lasting outcomes. I also lay out two buckets of reforms: foundational fixes like housing and affordability, and bold, future-oriented moonshots. Finally, I share why I think the window for change might be narrowing and why that makes building a movement around the future more urgent than ever.

00:00 California's Politics are Stagnant

08:19 The Role of Movements in Political Change

10:29 The Progressive Movement

12:25 Depression-Era Movements

15:15 Taxpayer Revolt and Anti-Growth

16:22 GrowSF and YIMBY

17:50 Tipping Point Politics

20:54 The Two Buckets of Desired Change

25:46 A Future-Oriented Movement

Dick Lucas isn’t running a typical campaign. In this episode, the Assembly candidate for California’s 51st District joins to talk about housing, energy, and why California needs to rediscover its appetite for building growth. An entrepreneur turned political insurgent, Lucas argues for CEQA reform, nuclear revival, and making space for brand-new cities. We talk about California's stagnation, his viral launch video, and what it means to be the most pro-tech politician in the state.

00:00 – Intro

04:51 – Dick's Entrance to Politics

09:01 – Who is Dick Lucas?

15:53 – Technology Equals Progress

22:39 – California Needs Growth – Stasis is Death

28:35 – We Desperately Need More Housing

34:20 – Build More Housing, Build More of Everything

37:59 – The Problem with California's Politicians

42:30 – Growth and Immigration

49:20 – How You Too Can Become a Dick

Youtube: https://www.youtube.com/channel/UCVNumolJuKvqJScBEnhe8hQ

Keywords: Dick Lucas California Assembly, Santa Monica politics, California political candidates 2025, pro-tech politician, CEQA reform, new cities California, California housing crisis, nuclear energy, housing reform, permitting crisis, tech, environmental policy, zoning reform, infrastructure, California dream, California exodus, growth vs stasis, political outsiders, abundance agenda, make no small plans, techno-optimism, tech and policy, political reform California, viral political campaigns, future of California

California has always been a mirror—and a magnifier—of the American spirit. In this solo episode, I trace the evolution of the California Dream: from gold rush ambition to postwar abundance to modern gridlock. Drawing heavily on the work of historian Kevin Starr, I explore how California came to represent both utopia and disillusionment and ask what it would take to dream again.

Chapters

00:00 - The Evolution of the California Dream

07:29 - The Dream is Born:1850-1900

18:38 - Industry, Imagination, and Infrastructure: 1900-WWII

34:24 - Post-War California: Maturity and Growth

46:26 - Is California Still Spectacular?

Keywords: California Dream, California history, Kevin Starr, Gold Rush, California Future Society, postwar boom, California housing crisis, dynamism, anti-growth politics, American Dream, California decline, Silicon Valley, aerospace, agriculture, suburbanization, Great Depression, immigration in California, California political culture, Los Angeles, San Francisco, opportunity, mobility, American West, Grapes of Wrath, boosterism, state identity, utopia vs dystopia, California economy

Author and thinker Virginia Postrel joins me to talk about California’s past, present, and future, from anti-growth politics to the rise of AI. We get into what dynamism really means, why creative destruction is inevitable, and how housing and regulation shape everything.

00:00 Intro

03:58 California's Changing Landscape: A Historical Perspective

07:43 Political Shifts: The Republican Party's Decline in California

10:27 Change in the California Ideology

16:24 CA vs. TX

22:45 The Impact of AI

27:22 AI Displacing White Collar Jobs

30:50 We've Seen This Before

37:30 Lessons for California's Future

Keywords: California, Virginia Postrel, AI, housing crisis, innovation, future of work, white collar unemployment, creative destruction, economic resilience, California politics, The Future and Its Enemies, Silicon Valley, zoning laws, startup culture, bits vs atoms, California regulation, elite overproduction, laissez-faire, local knowledge

From Star Trek to Skunk Works, California once led the world in space-age dreaming. What happened? In this solo episode, I trace the roots of that generation of techno-optimism and ask what it might look like to summon it again in an era of cynicism, scarcity, and political drift to get Californians dreaming again.

00:00 Intro

03:31 Defining the First Space Age

05:28 The Twin Boosters of the Space Age

08:07 Southern California: Epicenter of the Space Age

11:19 Competing Views of the Space Age

12:47 Fostering Techno-Optimism in California

Keywords: Second Space Age, California Future Society, techno-optimism, space exploration, cultural impact, technology, innovation, aerospace industry, future vision, optimism, Southern California, space age nostalgia, Jetsons futurism, Imagineering, Elon Musk, SpaceX launch, awe and wonder, California history, Tomorrowland, Googie architecture, Burbank, Los Angeles, rocket science, NASA, Star Trek, the Jetsons, Twilight Zone, Caltech, JPL, Lockheed Skunk Works, Cold War, scientific progress, dynamic society, American frontier, abundance, clean energy, AI education, Neuralink, supersonic jets, California Forever, Solano County, hardware manufacturing, gigascale solar, belief in the future, media environment, techlash, personalized learning, postwar optimism, suburban California, futurism, storytelling, cultural zeitgeist, economic development, infrastructure, vision for California, building the future, space culture, American dream