Texas Is Becoming America Inc’s Centre of Gravity
2nd June 2026
The Economist, a Voice of the Crust.
“America Inc.” is, of course, one of the Left’s beloved smear-terms that sound as if they ought to mean something but really are just name-calling, like’ price gouging’ or ‘windfall profits’.
.Texas is steadily establishing itself as America Inc’s new centre of gravity. No state receives more business investment or is adding more people to its population. From 2020 to 2025 it created roughly a fifth of all net new jobs in the country. It is only a matter of time before Texas overtakes California as the largest economy in America.
In the early 2020s Texas was luring in remote workers fleeing high taxes, exorbitant house prices and bad policies in America’s coastal metropolises, while benefiting from the Biden administration’s subsidies for green energy and chipmaking facilities. Now the state’s dominance in energy—not just oil and gas, but also renewable power—has made it a major beneficiary of the data-centre boom. Meanwhile, its technology and finance ecosystems have been deepening. This summer it will ring in its first standalone bourse, the Texas Stock Exchange, joining outposts of the New York Stock Exchange (nyse) and Nasdaq already operating in the state. (Donald Trump has called the nyse’s new branch an “unbelievably bad thing” for his hometown of New York, even if his social-media venture was the first business to list on it.) The state’s appeal to yuppies is also growing with every stream of a country song. It seems there is no part of America with which Texas does not want to compete.
Needless to say, The Economist is not a fan; they’ll cover it, but with their noses pinched shut.l