Richard A on good governance

Good governance doesn’t guarantee smart moves. In 1914 Germany was a well-run country that could do just one thing to not become the dominant power in Europe: go to war. In 1999 Airbus was a well-run company that could do just one thing to not become the dominant jetmaker by 2010: launch the A380. Again, the mind boggles with might-have-beens.

http://www.richardaboulafia.com/shownote.asp?id=217