bureaucracy

  • The Cost of Prudence

    The Cost of Prudence

    Bureaucracy kills innovation. We all know that. But why? Partly, it's because bureaucracy grows out of prudence, a desire not to repeat the mistakes of the past. With the current economic crisis, for example, you can be sure that a lot more checks will be put into place—both in Washington and in corporate boardrooms—to prevent the excesses that got us into this situation from happening… Read More