The quote reflects on the historical patterns of resource exploitation and economic inequality in California. Joan Didion, in '(Where I Was From),' often explores how societal narratives and optimism can mask underlying problems such as greed, materialism, and environmental degradation. This passage underscores a recurring theme: the idea that economic development, especially in frontier or rapidly changing regions like California, is often accompanied by a transfer of wealth—sometimes wielded by outside interests—ultimately leading to societal pauperization. The phrase 'trading the state to outside owners' highlights a classic form of early capitalism where local resources and land are commodified, frequently at the expense of the native populace or long-term sustainability. The notion that this process has been ongoing since the first American settlers emphasizes a historically embedded pattern of greed masked as progress. The term 'boosterism,' which refers to overselling or overly optimistic promotion of regional growth, suggests a cultural tendency to downplay or ignore the costs involved. The quote prompts reflection on how such practices have shaped modern California, influencing its socio-economic and environmental landscapes. It invites us to question whether contemporary development continues this tradition and to consider the moral implications of economic growth that benefits a few at the expense of many. Overall, it serves as a stark reminder that beneath the seemingly idyllic or prosperous image of California lies a complex history of exploitation and sacrifice, driven by a persistent desire to sell, expand, and profit.