The late, great American WASP

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2/7/08
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Interesting article in the WSJ (and I'm surprised they published it):

Trust, honor, character: The elements that have departed U.S. public life with the departure from prominence of WASP culture have not been taken up by the meritocrats. Many meritocrats who enter politics, when retired by the electorate from public life, proceed to careers in lobbying or other special-interest advocacy. University presidents no longer speak to the great issues in education but instead devote themselves to fundraising and public relations, and look to move on to the next, more prestigious university presidency.

A financier I know who grew up under the WASP standard not long ago told me that he thought that the subprime real estate collapse and the continuing hedge-fund scandals have been brought on directly by men and women who are little more than "greedy pigs" (his words) without a shred of character or concern for their clients or country. Naturally, he added, they all have master's degrees from the putatively best business schools in the nation.

Thus far in their history, meritocrats, those earnest good students, appear to be about little more than getting on, getting ahead and (above all) getting their own. The WASP leadership, for all that may be said in criticism of it, was better than that.

The WASPs' day is done. Such leadership as it provided isn't likely to be revived. Recalling it at its best is a reminder that the meritocracy that has followed it marks something less than clear progress. Rather the reverse.
 
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