The safety of the herd
in Reckless opportunists
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Herding not only increases the chances of survival; it means the trappings of leadership can be retained. It also means that leaders get to keep their professional legitimacy, networks and options open. Westminster is awash with fast followers and herds. This is particularly the case in political lobby journalism which has a lot in common with the financial world. It was the Tony Dye story that really showed me just how hard leaders run for the safety of the herd in times of crisis. Finally, Tony Dye gave me his own version of the Tony Dye story, while also predicting the 2007–8 crash to come. And that was the final bit of the Tony Dye morality tale. Those people who had done the wrong thing, in finance and politics, had not only survived, they had flourished.

Reckless opportunists

Elites at the end of the Establishment

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