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Brown attributes Toyota's Texas move to the dynamism of capitalism
Brown attributes Toyota's Texas move to the dynamism of capitalism

In his first public remarks on the shift of 3,000 Toyota Motor Corp. jobs from California to Texas, Gov. Jerry Brown chalked up the loss on Friday to “the creative destruction of capitalism.” “I put the emphasis on creative,” Brown told reporters after an appearance at a business breakfast in downtown Los Angeles. “Change is inevitable.” Toyota’s announcement on Monday that it would shut down its sprawling Torrance headquarters was seen as a political blow to the Democratic governor in the midst of his campaign for a fourth term. It led one of his Republican challengers, former investment banker Neel Kashkari, to mock Brown for making fun...

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