Wedel and G. Palgrave, Wedel, J. Basic Books,
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Quotes: The new system of power and influence and the players who thrive in it have transformed our world. The consequences are well illustrated by the global economic meltdown that became incontrovertible in the fall of At the root of the crisis and the heart of the new system is a decline in loyalty to institutions.
This decline is reflected in the proliferation of players who swoop in and out of the organizations with which they are affiliatedwho operate in them, but are not of themand create "coincidences of interest" that serve their own goals at the expense of their organizations and the public.
The greed that Wall Street high fliers symlpolize is merely an egregious expression of such lack of loyalty and disdain for the public goodoutcomes fo the four transformational developments at work. In such a moral universe, ehtics becomes a matter of individual choice, with the only real control being social pressure exerted by the network.
Ethics are disconnected from a larger public or community and detached from the authority that states and international organizations, boards of directors, and even shareholders once provided. With the players removed from the input and visibility of these institutions, not to mention that of voters, the consequences to the public are multiple and serious. Moreover, few have the power and influence to bring the new players of power and influence to light.
The authority of journalisn is waning. Investigative reporting is dying a swift death, as the institution of journalism itself undergoes massive gutting, newspapers fold right and left, and dwindling resources are available for investigative reporting of the kind that enabled the Washington Post to break the Watergate story. To make matters worse, flexians and their networks are skilled at warding off efforts to illumunate thier methods or activities.
They respond immediately and aggressively to criticism by putting out their own stories, attacking the messenger, and enlisting all possible allies in the antimessenger campaign to highlight their integrity and good works. Where do his loyalties lie and to whom is he ultimately answerable? The rise of the shadow elite warrants revisiting age-old thinking on corruption. In the New Testament, the author of the Gospel of Matthew wrote, "No one can serve two masters; for a slave will either hate the one and love the other, or be devoted to the one and despise the other".
Matthew This is corruption at its most basica violation of public trust. Flexians and flex nets pursue the ends of their own idealogical masters, which often contradict the other masters they supposedly serve. The challenge for policymakers and readers, not that the problem has been laid out and the animal named, is to work toward recovering that public trust.
Janine R. Wedel