All of us should know when we’re getting in over their heads. Really bright people know their limitations. Truly stupid people cannot imagine they have any because they surround themselves with courtiers, hangers-on, hacks, yes-men, PR consultants, clowns, carny barkers and jesters. Nothing is new in this. The Divine King was the “best and the brightest” concept of 250 years ago and was a crock even then. It’s so old it seems new.
I think this might touch on the root of a problem we’ve seen in Government, for sure, but that I’ve also seen much of in industry. I think it may be that these kinds of financial crisises create wonderful opportunity for titanic realignment. Last time, that didn’t work out too well for us. This time might very well be different. Maybe the new lesson is we don’t need a self-appointed elite quite so much as we thought.