@vgr

Clear framing of the challenges. Reminds me of Reagan-Thatcher deregulation. Seems impossible to believe now, but industry leaders at the time were reluctant then to face the full force of a market economy sans corporatist protections. Within a decade the Jack Welch generation of leadership and established a more aggressive risk culture, sparked a 40 year boom, and created modern anglo economic culture where business leaders can never have enough deregulation. But it could easily have gone differently if Moore’s law had not kicked in around the same time to make risk very rewarding. I don’t have strong opinions on this matter. With or without subtraction philosophy, the EF had basically no choice but to taper and narrow both scope and economic footprint. But one prediction I’ll make based on Reagan era is that the kinds of orgs and leaders who thrive will be very different temperamentally than the kinds who did under the benevolent gaze of an expansive EF. Here come the Jack Welches.

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