Institutional Failure as Surprise | Samo Burja
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Institutional Failure as Surprise | Samo Burja
process of accreditation, usually entailing many years of higher education. Persons in authority have had to jump through hoops of fire to achieve their lofty posts—and feel disinclined to pay attention to anyone who has not done the same. Lasting authority, however, resides in institutions rather than in the persons who act and speak on their beha
... See morePeople worry about culture because they know it sets the agenda for the future.
And who wouldn’t want to be in charge of that?
Wall Street and the City held the crown through economic dominance, regulatory capture, and cultural philanthropy. They faltered in 2008 and never regained their pre-crisis legitimacy. The presumptive heir to the throne, th
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