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Future ShockAs science expands and the scientific population grows, new specialties spring up, fostering more and still more diversity at this "hidden" or informal level. In short, specialization breeds subcults. This process of cellular division within a profession is dramatically marked in finance. Wall Street was once a relatively homogeneous community. "It used to be," says one prominent sociological observer of the money men, "that you came down here from St. Paul's and you made a lot of money and belonged to the Racquet Club and you had an estate on the North Shore, and your daughters were debutantes. You did it all by selling bonds to your exclassmates." The remark is perhaps slightly exaggerated, but Wall Street was, in fact, one big White Anglo-Saxon Protestant subcult, and its members did tend to go to the same schools, join the same clubs, engage in the same sports (tennis, golf and squash), attend the same churches (Presbyterian and Episcopalian), and vote for the same party (Republican). Anybody who still thinks of Wall Street in these terms, however, is getting his ideas from the novels of Auchincloss or Marquand rather than from the new, fast-changing reality ...» |
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