Matt Sharpe OLY

There is definitely a sense that we are seeing a systematic devaluation of institutional knowledge in favor of some form of misguided intuition. No one disagrees that there was waste and inefficiency before, but there's just been broad confusion and unnecessary firings, which is even more wasteful and inefficient when you have to hire those people back. When Singapore says America has transformed from "liberator to great disruptor to a rent-seeking landlord" they're describing shift in how power views its responsibility. The model has moved from "trust but verify" to "dismiss and replace" (and trust is expensive, we have lost so much of it, for many reasons). This is where hubris is a necessity. Implementing 'not knowing' as policy is an unbearable expense. We're entering a period of huge global destabilization - the housing market, AI, geopolitical realignment - and the cost of getting things wrong isn't just financial, it's existential in the form of decades of built-up expertise, trust, and global stability.