As I observe the early days of a new era in governance, one that increases the role and authority of government regulation and central planning, I am saddened. I am saddened by the foreseeable consequences of constraining innovation and reinvention that are necessary to succeed, even survive, in this complex multi-polar world. I am saddened because most regulation is earned. It is earned by the guilty and implemented onto the innocent as a general rule. Leadership and stewardship gave way to greed, discarded integrity, illusionary value creation, and the uncontrolled behemoths that emerged in this interconnected virtual business landscape. Algorithms replaced decisions and the perversion of the foundations based on earning and affording what you own turned the American dream that I have lived as a naturalized American into a nightmare that has not yet ended.
Read More…