Exactly! I agree with everything you are saying. If anyone is reading this, I encourage them to hold people accountable for claims they make and force them to give viable alternatives and “ways of fixing the problem” before giving credibility to their ideas.
Ken, he actually did offer a solution (see the Remedies section [last one]). Essentially, his idea is to shut down bad business – (equates it to the 3 strikes rule in California). Doesn’t the market naturally do this for us already? You may have bad businesses succeed in the short term, but it is not a good long term strategy. If they do happen to succeed for the long term, I would consider it lucky and rare. Lucky and rare do not seem like good business models.
Thanks for the thoughts.