We need new institutional structures to govern strategically

The world of 2020 will look very different than the world of today. We are squandering our few — and slim — leads over other nations even as the world economic train beard down on us. As I note in my July 7th column:

We need a more imaginative approach to economic growth that integrates the different ways government influences industry and achieves overarching public objectives. We will be irredeemably irresponsible unless we insist on a radical redesign of our political, business and educational institutions to vest the responsibility for competitiveness squarely at the feet of the private sector. Under business leadership, government would play a key but supporting role.

What is also required is the elimination of those government organizations that are unnecessary under this logic.

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