I'll redo the argument slightly differently. The core management problem is demands on resources always exceed resources. So perhaps the single salient aspect of management is the strategy and parameters which yields a procedure on what demand to reject leaving YES to remaining demands.
One weakness of the current strategy is it's too greedy and short termed. Now perhaps the Chinese take it too far the other way (not consequence free btw) but we USA are too anemic short term.
Perhaps one change post 1980 is prices may have to go up to trade for longer term stability and jobs in the US. Second, although I think corps and top 5% are under taxed (after writeoffs are incl) Washington's congress doesnt have the institutional credibility to tax it because perpetual debt spending is normal ... which is variation on all that matters is the next election ie short term thinking.
Congress is really competent about getting voters stuff now --- they have no self sourced and self disiplined way to manage demands --- and paying for it after the next election by more debt. Nowadays they even stopped faking concern about debt.