Why We Need And Lose Institutions

It’s sometimes easy to forget that institutions often arise as solutions to problems.  For example:  • Journalism uncovers and spreads information that matters to people that would otherwise be hard for them to know.  • Education teaches people what they'll need to know that they won't easily learn on their own.  • Science increases our understanding of (and control over) reality.  • Civil Courts right wrongs between people. • Finance (among other things) e...
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