Reversing this decline is one of the many fiscal challenges we face. The increase in central government expenditure in terms of GDP has been relatively moderate. The bulk of the increase has, however, been on current rather than on capital expenditure of the kind that increases productive capacity. In general, there are real questions about the quality and allocative efficiency of government expenditure.
We can work to create and support networks, as other professions have done, to help expand their talent pools-something the Sadie Collective is already doing with deep commitment and impact.