Exponential expansion is over. Yet all governments try to use methods applicable to expansion during different situation.

One of such methods - hiking taxes. Tightening regulations. And all of this usually is accompanied by government workers expansion with simultaneous reduction of expenses going to actual things.

Such approach not only won't work, but it'll induce another death spiral.
You rise taxes - it causes increase of business expanses, price hikes, market contraction, firing of people, adjustment, tax income reduction due to it, another tax hike, etc.

It seems like none of the "managers" can work in situation different from expansion (and expansion that is not result of their smart actions).