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Shakespeare's concern is not merely that authority can become abusive. It is that human beings can internalize authority so completely that they cease to trust their own judgment altogether.
Imagine an economy where nobody ever gets fired; the unemployment rate is always low; GDP always goes up. How wonderful - and even better - we're living in it.
The primary challenge is not merely the acquisition of new knowledge or technological advancement, but the preservation of the wisdom necessary to apply these capabilities judiciously.
