Martin Wolf: "Neither politics nor the economy will function without a substantial degree of honesty, trustworthiness, and loyalty to shared political, legal, and other institutions"
when these institutions erode, "people feel [...] that the country is not being governed for them, but for a narrow segment of well-connected insiders who reap most of the gains and, when things go wrong, are not just shielded from loss but impose massive costs on everybody else."