No More Heroes

Individuals may form communities, Benjamin Disraeli said, but it is institutions alone that can create a nation. Our courts, parliaments and associations set the collective rules of engagement that provide for the smooth and fair functioning of government, commerce and society. As the world becomes smaller, international bodies such as the United Nations and the World Trade Organization are playing similar roles on a global stage. Yet despite this growing clout (or perhaps because of it) the public's faith in institutions appears to be waning. On the eve of the World Economic Forum in Davos, we look at the reasons for...

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