What if government, instead of being viewed as cumbersome while the private sector takes the risks, bears the greatest level of uncertainty and reforms its internal organization to take such risks? Imagine the transformation: from a bureaucratic top-down administration to a goal-oriented stimulator of new ideas from the ground up.

The notion of giving bonuses for failing might strike you as odd. It’s one thing to tolerate failure, but something else to reward it. But there’s genius in this incentive scheme. It’s more expensive for nonviable projects to continue; they waste money and resources.67 If a project has no future, shutting it down frees up precious resources for oth