The global economic crisis has bankrupted century-old institutions, brought down once-mighty industrial brands and shattered a generation's worth of assumptions about how financial capitalism ought to operate. Now it is time to declare another casualty of the crash "“ the imperial style of leadership.
Usually, times of trouble are also times when we are drawn to strong leaders. Think of Winston Churchill's heroic rhetoric during the second world war, Margaret Thatcher's Iron Lady pose during the Falklands crisis, and even Hitler's jack-booted appeal to a Germany battered by the hyperinflation and humiliations of the inter-war era.
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