Traditional Hierarchy as Today’s Prosthesis For Trust ?

In the wake of the breaking revelation’s of Lehman Bros. alleged Enron-like accounting fraud, Chris Hayes offers the following essay in Time magazine (am I actually linking to Time ?)

The Twilight of the Elites

In the past decade, nearly every pillar institution in American society — whether it’s General Motors, Congress, Wall Street, Major League Baseball, the Catholic Church or the mainstream media — has revealed itself to be corrupt, incompetent or both. And at the root of these failures are the people who run these institutions, the bright and industrious minds who occupy the commanding heights of our meritocratic order.

In exchange for their power, status and remuneration, they are supposed to make sure everything operates smoothly. But after a cascade of scandals and catastrophes, that implicit social contract lies in ruins, replaced by mass skepticism, contempt and disillusionment… 

For more than 35 years, Gallup has polled Americans about levels of trust in their institutions — Congress, banks, Big Business, public schools, etc. In 2008 nearly every single institution was at an all-time low. 

[ Snip … ]

If there are heartening countertrends to the past decade of élite failure, they’re the tremendous outpouring of grass-roots activism across the political spectrum and the remarkable surge in institutional innovation, much of it facilitated by the Internet. In less than a decade, Wikipedia has completely overturned the internal logic of the Enlightenment-era encyclopedia by radically democratizing the process of its creation. Farmers’ markets have blossomed as a means of challenging and subverting the industrial food-distribution cartel. Charter schools have grown for the same reason; local school systems are no longer viewed as transparent and democratic.

This, one hopes, is just the beginning. All these new institutions are inspired by a desire to democratize old, big oligarchic hierarchies and devolve power downward and outward. That’s our best hope in the decade to come.

For at the end of the day, it’s the job of citizens to save élites from themselves.

 

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Here’s the full article …