Viewed: 52 - Published at: 5 years ago

simple point is that institutions are to humans what hives are to bees. They are the structures within which we organize ourselves as groups. You know when you are inside one, just as a bee knows when it is in the hive. Institutions have boundaries, often walls. And, crucially, they have rules.

( Niall Ferguson )
[ The Great Degeneration: How ]
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