Warren Buffet once noted that evolution is as applicable to the commercial world as it is in the biological world. Commenting on the extraordinary steps taken by European and US governments to save banks they viewed as ‘too big to fail, Buffet suggested that in saving the large older banks, governments are standing in the […]

Warren Buffet once noted that evolution is as applicable to the commercial world as it is in the biological world. Commenting on the extraordinary steps taken by European and US governments to save banks they viewed as ‘too big to fail, Buffet suggested that in saving the large older banks, governments are standing in the way of natural evolution in that they are making it more difficult for smaller more vital and innovative organisations to rise up. Government intervention rarely takes into account fully the probability that a particular business model or way of going about business is coming to the end of its natural life and that this in turn creates an environment in which the next iteration or generation of product, service of organisation can rise up – improving the environment for all. In this instant government intervention to save dying businesses is both short sighted and unethical.…