<<I think it far more likely that someone like you would come up with good ideas for your particular business , thansomeone whose expertise was getting promoted in the government.>>
Of course I would. That's why government hires some people like me with actual business experience as advisors. No matter how you slice it, sirs, governments today ARE in the business of offering advice (some of it more or less compulsory) to business and professions and like any other advisors in the public and private sectors, they're just fallible human beings. They don't get everything right and they don't get everything wrong. If you turn a deaf ear to them, you are running a risk. Far better to listen and try to benefit if you can. They don't deliberately go out of their way to hire idiots any more than McKinsey & Co. does. Government isn't infallible and neither is McKinsey.
Government is the very home of the Peter principal, and is in no way more likely to produce or attract competence than the private industry.
But in Private industry incompetence fails and is forced to drop out , lots of us have been fired and had to seek other work, lots of young businesses fail and put their officers onto the job market. A government agency is likely to carry on for many years as a failure.
Of course somegovernment agencys are better than others , during the Hurricane Katrina problem the Coast Guard and military performed admirably , FEMA on the other hand bumbled around a bit being useless or even an impediment untill they finly got aroud to being useful in a second rate way late in the crisis.
What if the agency that took over your indstry were the sort of agency FEMA was (is?) or AMTRACK , or the Social Security Administration?
They could run you into the ground, hand all of your business to your over seas competition and suffer no penalty themselves .
The stakes would be high for you , not so for them.