John Boyd’s manoeuvre warfare basically says: “beat your enemy by bamboozling them”.
It’s the sort of thing you wouldn’t want to do to yourself.
Now, go read Tim Harford’s brilliant and short Forbes Article about what went wrong. We bamboozled ourselves.
The truth is that markets stumble upon prosperity. New ideas are constantly being tried out. Most of them are bad, but that is fine, because markets ruthlessly eliminate bad ideas. A few of them are good, and that's enough, because good ideas spread fast in a market system. In the language of biology, markets are evolutionary environments that select very powerfully for wealth-creating organizations. They attract the smart people to the right places, magnify their good qualities and smother their failures.
… This time, the problem was that the seemingly smart ideas simply didn't fail quickly enough. This was largely because they grew so fast.