Powell said the spending is unsustainable. No government other than Trump has so far reduced spending, even Reagan never cut spending he just spent Americas pension system replacing it with IOU’s.

So is there room to ponder whether its extenuating circumstances?

The incentives in a corporation are misaligned with the decision makers. They want promotions and more employees under them to justify their own raises, so we get this cosplay of efficient work as natural monopolies keep us all employed.