Passage Summary: Because technology moves fast, workers need quick, specific training that helps their specific companies; the economist believes big government programs can't provide this efficiently.

Conclusion: Large-scale government job retraining programs are no longer a viable way to retrain workers efficiently.

Reasoning: Efficient retraining must allow individual companies to meet their specific short-term needs, which is necessary because technology changes so quickly.

Analysis: The argument hinges on a perceived incompatibility between 'large governmental programs' and 'meeting individual companies' short-term needs.' For the conclusion to hold, it must be true that these large programs are actually unable to provide that specific, localized training. If a government program could somehow be tailored to individual company needs, the economist's argument would crumble. Look for an answer that connects the inability of large programs to the specific requirement of meeting short-term company goals.