Reason of State?

of view of that management and their studies reflect its bias.

We cannot blame the socialists for taking advantage of these “capitalistic accumulations”; rather, we must credit them with sagacity and dedication of the first order, wherein moral inhibitions play no part. But what about the presumably responsible trustees? The best we can say for them is that they allow themselves to be hoodwinked because of vainglory. A very common characteristic of successful businessmen is to lose their zest for their occupation, which has ceased to be a challenge, and to seek recognition in fields for which they have neither talent nor training, but which seem to them to be of a higher order. In olden times this inclination found outlet in supporting men of talent, sometimes of genius; which was to their own good, for in making selections for their favor they had to have or acquire an appreciation of the work they sponsored. Nowadays the businessman may achieve vicarious fame without going to that trouble; he simply allows his name to appear on the stationery of some foundation. The mischief done by the foundation is not his responsibility.