Could Punitive Government Regulations in this Economic Crisis Aggravate Americas Ability To Create New Jobs?
Everyone is in shock. After many years of uninterrupted business growth, we are experiencing a deep economic recession. Senior executives, smart as they are, are panicked. With minimum or no experience in managing an economic crisis, many are prone to hasty hatchet work with respect to reducing expenses. The teachings of yesterday’s business performance masters have been forgotten in this economic crisis—or maybe never really understood or learned to begin with. However, business performance historians, detached from the madness and uncertainty of the moment, remain modestly calm about the current economic collapse—and with good reason. Historical economic trends show that every 50 or 60 years, there’s been a decade in which business people, politicians and economists in the world economy’s developed countries expected speculative growth to go forever at an exponential rate. More than 30 years ago Peter Drucker, in an Op-Ed page in The Wall Street Journal, said: “Between 1710 and 1720,
