LIONEL TRILLING
(Lionel Mordecai Trilling)
Arguably, for most of American History, most of the “smartest” people contributed to manufacturing, construction, research and development—activities that produce things that are wanted and/or needed. However, Wall Street began attracting and paying for some of the smartest people in the society, who when they engaged in finance—not only contributed less to manufacturing, but began to create highly complex financial instruments and procedures that few people could understand and with which regulators have difficulty understanding. These and the other schemes of financing have been major factors in the economic problems that have beset the economy including the meltdown of 2008 and the subsequent Great Rescission.
Lionel Mordecai Trilling was an American literary critic, short story writer, essayist, and teacher. He was one of the leading U.S. critics of the 20th century who analyzed the contemporary cultural, social, and political implications of literature. With his wife Diana Trilling (née Rubin), whom he married in 1929, he was a member of the New York Intellectuals and contributor to the Partisan Review.