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Welcome to California: land of plunder and hypocrisy | Mark Arax

From gold to water, California’s wealth was built on extraction. The AI boom is reviving an old question: who pays the price?I was a fourth-grader in the public schools of California when I first learned about the Gold Rush. I remember our teacher, Mrs Dyer, passing down the story in the manner of lore.On the morning of 24 January 1848, James Marshall, a New Jersey boy come west, stumbled upon four shiny nuggets alongside the American River. He tried to keep his discovery a secret, but the shout

Welcome to California: land of plunder and hypocrisy | Mark Arax

Welcome to California: land of plunder and hypocrisy | Mark Arax

Published June 14, 2026 · Category: Markets

Overview

From gold to water, California’s wealth was built on extraction. The AI boom is reviving an old question: who pays the price?

I was a fourth-grader in the public schools of California when I first learned about the Gold Rush. I remember our teacher, Mrs Dyer, passing down the story in the manner of lore.

Details

On the morning of 24 January 1848, James Marshall, a New Jersey boy come west, stumbled upon four shiny nuggets alongside the American River. He tried to keep his discovery a secret, but the shout of “eureka” from the dirt streets of San Francisco rang out across the shore. It unleashed a force that could not be contained.

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Source

Originally published at www.theguardian.com.

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