Independent Voter Project
Public Policy is Failing California's Court System
In 2015, Forbes magazine ranked California 48th out of 50 in regulatory environment. So why is the world’s 8th largest economy behind Rhode Island when it comes to business climate? Some of the answers were the topic of discussion during the Independent Voter Project’s annual Business and Leadership conference.
Four days of conversation among business leaders and members of the California legislature bore out some of the challenges facing the country’s most populated state. Topics entailed an unintended legal vulnerability in insurance rate policy, disposal of pharmaceutical products, an emerging phenomenon of ‘mass-action’ lawsuits, and the common-sense solutions that can protect consumers and businesses alike.
Ultimately, the legitimacy of California’s legal system will play the key role for preventing regulatory catch-22’s from adding to the Golden State’s already dismal regulatory climate.