What is your criteria of success? Mere generation of profit is not mine. Solving societal issues (making them no longer issues with minimal entrenchment of other issues) is mine.
War can be profitable. Climate change can be profitable. Making unsafe airplanes can be profitable. Financial system brittleness can be profitable.
With allocation of capital being the primary incentive setter, and the Fed playing a role of removing the pain and sting of artificially inflated assets, I'm not convinced that Market reality even tracks well with reality anymore.
Where is the surge of investment in physical and supply chain investment in light of all of the logistical difficulty we've run into? Where is the funding of domestic manufacture? Where is the wage growth? Where is the transparency in medical cost reduction?
These are all signs that the economy, instead of focusing on getting real work done, is off chasing purely fiscal optimization rather than societal risk mitigation.
So... Beg your pardon, but I think your measures of success and mine are different enough that I can reasonably say that by my metrics, those "experts" are failing to deliver at anything except perpetuating the status quo that keeps them in a job.
War can be profitable. Climate change can be profitable. Making unsafe airplanes can be profitable. Financial system brittleness can be profitable.
With allocation of capital being the primary incentive setter, and the Fed playing a role of removing the pain and sting of artificially inflated assets, I'm not convinced that Market reality even tracks well with reality anymore.
Where is the surge of investment in physical and supply chain investment in light of all of the logistical difficulty we've run into? Where is the funding of domestic manufacture? Where is the wage growth? Where is the transparency in medical cost reduction?
These are all signs that the economy, instead of focusing on getting real work done, is off chasing purely fiscal optimization rather than societal risk mitigation.
So... Beg your pardon, but I think your measures of success and mine are different enough that I can reasonably say that by my metrics, those "experts" are failing to deliver at anything except perpetuating the status quo that keeps them in a job.
That's just me though.