Akure is the Ondo state capital. The panegyric of the people runs thus: Akure l’omi meji/O p’ejeji l’Ala/ Ala se bi ere bi ere/Ala d’omi ebo. Translated: Akure has two rivers/It named both Ala/Like play, like play/Ala became rivers you must worship. In those days, human beings were offered as sacrifice to the gods. So, Akure might have sacrificed two human beings to its two Ala every year. That was double jeopardy. What could have been responsible: Carelessness, carefree attitude or lack of deep thought and reflection? Akure indigenes to the rescue, please! It could also mean that Akure did…

Writing in the 1830s, as the Industrial Revolution gathered pace, Honoré de Balzac anticipated the broader social concern: “The secret of great fortunes without apparent cause is a crime that has been forgotten, because it was properly carried out.” But today's billionaires make forgetting impossible. Our billionaire problem is getting worse. Any market-oriented economy creates opportunities for new fortunes to be built, including through innovation. More innovation is likely to take place where fewer rules encumber entrepreneurial creativity. Some of this creativity may lead to processes and products that are actually detrimental to public welfare. Unfortunately, by the time the…