Reactionaries are trying to keep a grip on their beloved institutions.
Institutions failed, as they are wont. If any course of action can lead to a crises of 'legitimacy', it was already time to break out.
Institutions failed, as they are wont. If any course of action can lead to a crises of 'legitimacy', it was already time to break out.
Hilarious.
I addressed exactly what is wrong.
Institutions are organisations or patterns of behaviour built by societies to help solve social or economic problems which the law or private markets cannot fully address.
If I'm on the right track, an example of institutional legitimacy might be, "Banks can be trusted to hold your money" (vs stuffing it under your mattress), and FDIC insurance might be an example of an action to support or create that legitimacy.
Banks, at least as depositories for money, seem worth having...
A good example would be, "MSNBC utterly failed to fact check 2016".