There is value in education, but there is also value in real-world experience. Sometimes academics get so wrapped up in their theories that they forget that when you add people to an equation, things don’t always go as planned. On Thursday, The U.K. Daily Mail posted an article which might illustrate the problem of relying on academics rather than people with real-world experience.

The article notes:

• Economists Stephen Moore and Jon Decker analyzed the work records and resumes of 68 officials, including Biden and his Cabinet members, advisers
• They found that 62 percent of Biden appointees who deal with business matters – economic policy, regulation, commerce, energy and finance, have ‘virtually no business experience’
• Only one in 8 were found to have ‘extensive’ business experience and their average business experience was 2.4 years

This is what happens when you use a quota system rather than merit to appoint your advisors and the people in your cabinet.

The article reports:

The report found that 62 percent of Biden appointees who deal directly with business matters – economic policy, regulation, commerce, energy and finance, have ‘virtually no business experience.’ Only one in 8 were found to have ‘extensive’ business experience and their average business experience was 2.4 years. 

‘These highest level people who are in charge of kind of keeping our economy on track of haven’t got the experience to deal with, you know, the logistics of managing $22 trillion economy,’ Moore told DailyMail.com in an interview.

‘You have basically lawyers and university professors and community activists that don’t have any experience with managing a big operation or steering the economy in the right direction.’ 

The lack of experience is pervasive in the Biden administration:

All you have is an administration right now that seems to be focused on two issues. One is, you know, income inequality and the other is climate change. And those aren’t high priority right now. That priority is getting America back to work.’ 

Biden and Harris both have 0 years business experience, as do Agriculture Sec. Tom Vilsack, Treasury Sec. Janet Yellen, Labor Sec. Marty Walsh and Office of Management and Budget Director Shalanda Young, to name a few. There are a handful of exceptions, such as Commerce Sec. Gina Raimondo who worked 11 years in venture capital and White House Chief of Staff Ron Klain who has 16 years’ experience after a career in venture capital.

The article concludes:

The authors found that the Biden administration is staffed by those who come from law backgrounds (20), politics and government (21) and academia or policy-making (12). Those whose main background is venture capital or investing is five.

Please follow the link to read the entire article.

Dictionary.com describes kakistocracy as government by the worst persons; a form of government in which the worst persons are in power. I think we are there.