Government Policies Must Adapt, and Quickly

Three things cannot be long hidden: the sun, the moon, and the truth.

—Gautama Buddha

The problems in the world today cannot be solved by the level of thinking that created them.

—Albert Einstein

The problem in the United States and other mature democracies is that new policy ideas do not advance at a faster rate than they did a century ago even though technology has accelerated the speed of many other economic and social forces. Compounding this problem is the reality that government adaptations occur only in reaction to crises that are already fully underway. They thus act from a position of panic and duress that leads to overshooting in the other direction.

The American Dream is in trouble, ...

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