The Risks of Prioritizing Efficiency Over Effectiveness in Tech and Crypto
TL;DR Summary
President-elect Donald Trump's new Department of Government Efficiency, led by Elon Musk and Vivek Ramaswamy, aims to streamline federal bureaucracy. However, the article argues that efficiency, a hallmark of capitalism, may not suit the public sector. Successful business leaders transitioning to government focus on open engagement, incremental innovation, and creating value for the public rather than capturing it for themselves. These approaches are essential for effective governance, which must serve all citizens and cannot afford to fail.
- Governments Should Be Effective, Not Efficient HBR.org Daily
- Musk and Ramaswamy Are Making a Big Mistake The Atlantic
- Analysis | DOGE prepares to tackle health care The Washington Post
- How Elon Musk cut costs at SpaceX, Tesla, X and what it means for DOGE USA TODAY
- Inefficient and reckless: Why DOGE could be so dangerous The Hill
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
67%
234 → 77 words
Want the full story? Read the original article
Read on HBR.org Daily