The Hames ReportFebruary 7, 2026

We Don't Need Another Hero

Trust, Predation and the Manufacture of Virtue

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There’s an odd silence that follows the unmasking and downfall of a trusted public figure. The noise of outrage subsides, the headlines move on, yet something more insidious has shifted in the background. A ligament of trust has been severed, and we’re left wondering how a person, a firm, a university, a foundation – an entire network – managed to shelter predatory behaviour in plain sight.

If we strip away hyperbole and stick only to what can be established from public records, investigations and scholarly work, there is still more than enough to warrant a fundamental re‑examination of how we trust, whom we trust, and why we keep falling for the same performance of virtue. The problem is not a single man, or a single scandal. It’s the conditions that allow them to flourish.

My claim is that our recurring shock at predation in “respectable” circles reveals a deeper flaw in how we construct and delegate trust, not just in the character of individual wrongdoers.

The architecture of manufactured trust

Trust is not a sentiment floating free in the air. It is constructed, traded, and defended through institutions and rituals. Banks are trusted because they are regulated. Universities are trusted because they are accredited. Philanthropists are trusted because they endow chairs, sponsor hospitals, and fund scholarships. Ratings agencies vouch for bonds. Auditors sign off on accounts. Editorial boards validate expertise.

The 2008 financial crisis showed, with forensic clarity, how this architecture can fail. Official inquiries into that episode converge on a few points: complex mortgage products were mis‑priced, risks were systematically under‑stated, ratings agencies stamped high grades on complicated instruments, like credit default swaps, they barely understood, and regulators failed to restrain leverage or fraud until it was far too late. None of that is now controversial; it is on the public record.

The essence of that failure wasn’t simply greed. It was the commercialisation of credibility. Institutions whose formal mandate was to vet, question and occasionally refuse – such as ratings agencies, boards, auditors, and central banks – instead supplied the appearance of probity to activities that merited intense misgiving. They became, in effect, wholesalers of trust.

The consequences were measurable. In the United States, for example, Gallup recorded trust in banks falling from around 53% in 2004 to roughly 22% by 2010; Edelman’s Trust Barometer and Pew’s surveys show comparable collapses in confidence in large corporations and, in some countries, knock‑on declines in trust in government and media. That fall was not confined to the United States. Households from Athens to Reykjavik, Dublin to Madrid, Johannesburg to Bangkok, experienced the same realisation: the guardians had been asleep at the gate, or renting out the keys.

When such failures accumulate, they don’t remain confined to specific sectors; they bleed into the general atmosphere of how people relate to institutions as such.

What has unfolded around the Epstein case can be read, cautiously, as a parallel failure in another part of the trust architecture – the world of elite networks, philanthropy and power.

The uses of proximity

We know from court filings, victim testimony, plea agreements and investigative journalism that Jeffrey Epstein ran a criminal operation exploiting minors over many years. We also know he cultivated relationships with high‑status individuals – in finance, academia, politics, science and entertainment – and that he donated to prestigious institutions whose names conferred a kind of secular sanctity.

Passenger manifests list prominent individuals on his aircraft. University reports disclose donations, some later returned. Emails and calendars show meetings with scientists, university leaders, and public figures. None of that, on its own, proves shared criminality. Nor does this argument depend on any speculative claim about who knew what, or when, in his orbit. But it does demonstrate a pattern: proximity to renown, purchased through money, flattery, introductions and hospitality.

Sociologists of elites have described similar patterns for decades. High‑status networks tend to be dense and self‑referential. Positions on corporate and non‑profit boards recur in the same small circle of names. Invitations to closed conferences, retreats, and “ideas festivals” circulate among a recognisable caste of usual suspects. Who belongs in these circles is not determined by transparent public deliberation; it’s shaped through informal vetting, sponsorship and reputation.

Epstein clearly understood that ecology. He used it as a shield. If famous professors, Nobel laureates, senior politicians and billionaire donors were content to sit at his table, then the signal to everyone else was simple: whatever the rumours, this man had been accepted by those who mattered. His past conviction became, perversely, just another eccentric detail, folded into the mythology of the “troubled genius financier”, to be managed rather than confronted.

When the full extent of his crimes became impossible to ignore, institutions that had enjoyed his beneficence scrambled to distance themselves. The pattern again is well documented: internal inquiries, pained statements of regret, hurried returns of donations, sometimes accompanied by admissions that staff had raised concerns earlier. The startling thing is not that a predator used money and charm to buy cover; predators have always done that. It’s that so many organisations, whose explicit purpose was to extend knowledge and foster ethical leadership, lacked the antibodies to reject his advances.

If credibility could be bought this cheaply, what does that say about the nature of our trust?

The halo and the blindfold

Psychologists have a term for our tendency to let one salient positive trait colour our entire perception of a person: the halo effect. Decades of experiments across cultures show that when we see someone who is attractive, charming, successful, wealthy, or publicly generous, we are more likely to credit them with intelligence, integrity and benevolence, absent any supporting evidence. The same phenomenon plays out with institutions: a university ranked highly in global tables, or a charity associated with a beloved public figure, is automatically granted an assumption of moral hygiene.

Layered on top of that is a second pattern: once we have seen an act of goodness performed, we often feel licensed to relax our vigilance. Researchers exploring “moral licensing” have shown that people who recall doing something virtuous are then more inclined to make ethically dubious choices. At scale, something similar happens around philanthropy. When a corporation funds a hospital wing, or a billionaire backs an education initiative, observers tend to quieten their doubts about the source of those funds, or the wider conduct of the donor.

This is where public naivety comes in. Not naivety in the sense of stupidity – many of the people who fell into Epstein’s orbit were highly educated – but a cultivated simplification: the belief that public benevolence must signal private decency, that large donations to science or the arts are unambiguous gifts, that association with eminent institutions is itself proof of ethical worth.

Unfortunately, history offers ample counter‑examples. Investigations into the opioid crisis exposed how philanthropic largesse – for instance, the Sackler family’s donations to museums and universities – was used to launder reputations built on destructive business models. Corporate scandals in multiple industries – automotive emissions cheating, mining disasters, labour abuses in technology supply chains – have shown how generous corporate social responsibility programmes existed alongside serious harms to workers, communities or ecosystems. The Catholic Church’s extensive charity work did not prevent, and in some cases facilitated, decades of sexual abuse and cover‑up – a fact now documented in official inquiries from Ireland’s Ryan Report to Australia’s Royal Commission and the Pennsylvania Grand Jury report in the United States.

Why, then, do we persist in drawing a straight line from public virtue to private goodness? One answer lies in the psychology of projection.

Projection and the outsourced conscience

Carl Jung wrote about projection as a process by which we disown aspects of ourselves by casting them onto others. Contemporary psychology has refined and extended this idea, and there is broad evidence that we do indeed see in others what we struggle to acknowledge in ourselves – our fears, desires, ideals and aversions.

In our current economic order – a global system organised around large‑scale industrial production, financialisation and continuous growth – the most seductive form of projection may be the outsourcing of conscience. The everyday citizen, caught in a system that rewards narrow self-interest and often punishes dissent, feels an acute dissonance. We sense the ecological costs of our consumption, and quite often the social costs of our complacency, yet feel powerless to shift the underlying machinery. The temptation, then, is to find exemplars who appear to carry the moral weight for us: the visionary entrepreneur promising green growth; the philanthropist pledging to give away half their fortune; the “thought leader” who assures us that inclusion workshops and impact funds are taming capitalism from within.

We project our longing for integrity and courage onto these figures. Their speeches become a kind of secular sermon. Their pledges, a substitute for our own reluctance to withdraw consent from destructive systems. In that sense, the “elite” is partly a creation of the crowd. We lift particular individuals and institutions onto pedestals not only because they themselves reach for them, but because it’s comforting to believe that someone, somewhere, is guiding the ship with wisdom and restraint.

This is not a Western peculiarity. In different cultural idioms, versions of the same pattern can be seen in saintly business families in South Asia, benevolent strongmen in parts of Africa and Latin America, development heroes in East Asia, revolutionary icons in Europe. Each carries an overlay of projected virtue that exceeds what the evidence, if calmly examined, could possibly justify.

The cost of this projection is twofold. First, it makes us slow to see warning signs. Behaviour that would trigger suspicion in an unknown neighbour is rationalised away in a celebrated guru, a heroic general, a tech titan. Second, it hollows out personal and collective responsibility. If we have “good billionaires”, “ethical banks”, “world‑class universities”, then our own complicity in systemic harm seems much less urgent. The shepherds are on duty; the flock can graze in peace.

But what happens when the shepherds are revealed to have been dining with wolves?

Elite networks of reassurance

Most public conversations about “elites” still fixate on individuals – the villain, the hero, the hypocrite. The more unsettling reality is that moral failure is often systemic before it’s personal. Elite networks function as a kind of collective insurance scheme. Membership tends to confer prestige, access to information, opportunities for wealth, and, crucially, a buffer of benefit‑of‑the‑doubt when something goes wrong.

Sociological studies of corporate boards and political patronage show that these networks tend to reproduce themselves: people appoint those who resemble them in education, outlook and social background. Donor lists to major development and cultural projects reveal a similar clustering. Academic work on “revolving doors” between regulators and industries confirms that personal relationships and shared habits knot together public and private power.

Within such arrangements, explicit conspiracies are relatively rare. Tacit collusion is far more common: an ingrained reluctance to scrutinise a peer too harshly, to pursue an awkward question to its actual conclusion, or to regard a generous benefactor as anything other than a boon. The form is global, even if the names differ from country to country. A business magnate in Lagos, a princeling in Riyadh, a tech founder in Shenzhen – all navigate overlapping circles of influence where reputation is a currency and awkward truths are costly.

In that context, Epstein’s ability to move among wealthy dynasties in the Gulf, financiers in New York and London, royalty, scientists and technologists is not an anomaly but an extreme example of a more general condition. The same architecture that allowed toxic assets to be repeatedly insured, rated and sold before 2008 – with each participant reassured by the others’ involvement – operates in the moral domain. If everyone respectable appears comfortable, then doubt is treated as a social failing rather than a civic duty.

Is it any wonder, then, that when trust in these networks falters, people begin to withdraw their consent not just from specific institutions, but from the very idea of shared expertise?

The global recoil from institutional trust

Across cultures, surveys over the past decade reveal a jagged but palpable pattern: a decline in confidence in parliaments, political parties, news media, sometimes courts and police, often multinational bodies. The steepest drops and the timelines vary, but the underlying sentiment rhymes from São Paulo to Stockholm, and Nairobi to New Delhi.

Many factors feed this erosion: economic stagnation for large segments of the population, widening wealth gaps, revelations of corruption, political humiliation, information ecosystems that reward outrage over accuracy. But scandals in which supposedly moral authorities are implicated – from church abuse to development fund diversions to sexual predation covered by institutional inertia – are repeatedly cited by citizens as reasons they no longer defer to “official” narratives.

In the wake of the 2008 financial crisis, political entrepreneurs around the world tapped into this precise sentiment, promising to tear down corrupt establishments. In some cases they were genuine outsiders; in others, they were long‑standing insiders adopting an anti‑elite theatre. The rise of these figures is well‑documented; their record in healing trust is not encouraging. Voter surveys in countries that embraced such “anti‑system” leaders show that while enthusiasm may spike, broader trust in institutions often continues to erode, especially when promised transformations fail to materialise.

This presents a paradox. The more profoundly institutional trust is broken, the more people crave decisive leadership. Yet the more they invest their hopes in saviours – whether corporate, political or spiritual – the more they replicate the very same pattern that made them vulnerable in the first place: projection onto a charismatic minority, followed by disillusionment when those figures turn out to be fallible, self‑interested, or worse.

The aim, then, is not to flip from deference to blanket cynicism. A world in which no institution is trusted and every form of expertise is treated as a conspiracy is as dangerous as one in which authority is never questioned. The challenge is to cultivate discernment: earned, revisable trust instead of either naive faith or corrosive suspicion.

Is there a different way to imagine trust – one that does not rely on a perpetual search for heroes?

From spectatorship to participatory conscience

If we accept that elite networks, by their very design, are prone to protecting their own, then the restoration of trust can’t be left to those networks alone. Nor can it be outsourced to a new batch of “ethical” financiers, “responsible” tech founders or “regenerative” industrialists, however sincere some of them may be.

One alternative, glimpsed in embryonic form around the world, is the slow cultivation of participatory conscience. This manifests wherever ordinary people refuse to remain spectators to decisions that shape their lives. Examples are diverse: community assemblies deliberating on land use; citizen juries assessing large infrastructure projects; workers in co‑operatives setting ethical guidelines; indigenous communities insisting on free, prior and informed consent for resource extraction; cities opening their budgets to resident scrutiny. The details differ with culture and context, but the underlying impulse is similar: moral responsibility is dispersed, not centralised in a boardroom, palace or celebrity foundation.

Crucially, such experiments are not infallible. They, too, can be captured by local elites, swayed by demagogues, or paralysed by factionalism. But they shift the burden of trust away from individual heroes towards transparent processes. Instead of placing blind faith in the virtue of a few, participants learn to trust rules they helped shape, information they can interrogate, and outcomes they can monitor.

The psychology of projection still operates, but its object changes. Rather than casting our conscience onto a billionaire philanthropist, we begin to invest it in shared agreements and mutual accountability. Instead of waiting for “better elites”, we accept that leadership – in any meaningful sense – must be a property of groups willing to do the slow, unglamorous work of adjusting how power is exercised.

This has practical implications. It points towards support for transparency laws and whistleblower protections; towards experimenting with citizens’ assemblies on major policy questions; towards strengthening independent oversight bodies; towards local practices such as open school boards, participatory budgeting, and worker representation in governance. It also suggests personal habits: checking sources before elevating “thought leaders”, asking how an institution makes its money before praising its philanthropy, treating glossy virtue claims as hypotheses to be tested, not truths to be swallowed.

Is that naïve? Perhaps. Yet the alternative – a permanent oscillation between worship and betrayal of charismatic figures – is proving exhausting.

Re‑educating our appetite for virtue

One of the least discussed aspects of these recurring scandals is how thoroughly they reveal our own hunger for moral shortcuts. It is easier, in many ways, to debate whether a particular tycoon or guru is “good” or “bad” than to interrogate the underlying operating system that rewards extraction and then sanctifies partial restitution.

The dominant industrial‑financial paradigm is structurally prone to separating actions from consequences. Supply chains stretch across continents. Financial instruments obscure the origin of profits. Algorithmic systems personalise benefits while dispersing harms. In such an environment, virtue signalling becomes a kind of currency. A grant here, a climate pledge there, a diversity initiative over there – these become badges of honour worn by institutions whose core practices may remain untouched.

If our appetite for virtue remains at this level – satisfied by displays rather than structural change – then predators will always find ways to clothe themselves as benefactors. The question is how to retrain that appetite.

One starting point is to become far more sceptical of claims to moral authority that are not accompanied by verifiable shifts in power and risk. A company boasting of its social impact, yet retaining the same voting structures and profit flows, has not changed in any fundamental way. A university returning a discredited donor’s money without revising its fundraising culture has dealt with a symptom, not a cause. A politician denouncing “elites” while appointing cronies to oversight bodies is merely rebranding the disease.

Another starting point is to value modest, localised integrity as much as grand pronouncements. The teacher who refuses a bribe for grades, the small‑scale farmer who adopts regenerative practices without a public relations team, the nurse who challenges malpractice in a hospital – these are small, uncelebrated acts. Yet they are crucial fibres in the fabric of trust. They remind us that moral life is primarily enacted in ordinary settings, not on conference stages.

Perhaps the most radical step is to resist our impulse to convert every admirable individual into a symbol of virtue. The moment we crown someone as a moral archetype, we lay the groundwork for the next cycle of projection and collapse. It might be healthier – and more accurate – to treat each public figure as a bundle of specific, inspectable actions rather than as a vessel of goodness or evil.

This distinction also matters for how we relate to expertise. We do ourselves no favours if disillusionment with unaccountable elites curdles into hostility towards science, journalism or law as such. The goal is not to erase the difference between informed and uninformed judgement, but to insist that expertise be exercised transparently, with clear limits and avenues for challenge, rather than cloaked in unearned moral authority.

Living without robes

Every civilisation, in its own language, has eventually had to face the uncomfortable truth that those it arrayed in ceremonial robes – priests, mandarins, commissars, tycoons, visionaries – were made of the same fallible material as everyone else. The industrial era added lab coats, suits, TED stages and branded hoodies to that wardrobe, but the underlying habit remains: dressing certain humans in garments of authority and then feigning surprise when the cloth fails to sanctify the flesh.

The verifiable record of the past few decades, from finance to philanthropy, from politics to organised religion, leaves little doubt: trust assigned on the basis of prestige, wealth or rhetorical performance alone is a very poor investment. Elite networks, left to their own devices, are prone to reinforcing their comfort and shielding their missteps. Institutions designed to arbitrate credibility can, and do, turn that role into a business.

This doesn’t mean we must retreat into universal suspicion, denying the possibility of integrity anywhere. But it does suggest a different stance: one in which trust is always specific, conditional, and accompanied by a willingness to withdraw it when evidence shifts. One in which we anchor our moral expectations not in distant saviours but in the relationships and processes we can actually witness and reshape.

If there’s any gift in the slow unravelling of public virtue myths – whether triggered by financial collapse or the exposure of sexual predation – it may be this: an invitation to reclaim the faculty of judgement we have been encouraged to subcontract to others.

We don’t need another hero. We need more communities trained to recognise when virtue is being staged, when networks are closing ranks, and when conscience is being outsourced. That work is unglamorous. It happens in school boards, residents’ meetings, workers’ councils, online forums that refuse to be captured by outrage merchants and disinformation entrepreneurs, and households quietly teaching children that admiration and scrutiny can coexist.

The robes will always be alluring; someone will always be ready to don them. The question, for each of us, wherever we live and whatever languages we speak, is whether we still feel the need to kneel.