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E46: Degrowth, Private Equity, and the EU Tech Industry
"The Riff" with Byrne Hobart and Erik Torenberg
State shall hire the best
Singapore serves as a unique economic model due to its reliance on trade and finance rather than raw material extraction or manufacturing. This model cannot be universally applied, particularly in regions like Montana, where such a framework would falter. However, it's advantageous for the government to offer competitive salaries to attract top talent away from private sectors like McKinsey. A strong government presence with effective execution capabilities is crucial, especially when seeking to create a system that avoids superficial actions focused only on visible results. A functional government needs to balance its extensive scope of authority with the means to implement its plans effectively.
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