Yes! But also: making existing institutions better is almost certainly going to provide better cultural ROI that starting new ones. Part of what makes institutions institutions is that they _endure_. Look around your local culture and find an institution that could be doing a great job, but isn’t: that’s the leverage point.
Devils advocate: if "Making institutions" means "making foundations", this also means a rather inefficient way of using money. Foundations are conceptually built with a capital stock which must never decrease, so they are typically allowed to only operate with the capital gains/interest rates. In effect, this allows them to move much slowlier, because they are way less solvent then they could be, if their capital stock was available to do business.
Obama on 4/7/22 re: Ukraine:"WE FORGOT THE POST-WW2 60-YEAR STRETCH IS THE ANOMALY. There is millennia of brutality. We created institutions out of 60 million people dying. They are not self-executing. They are something we have to continually nurture and respond to." https://youtu.be/V4bDuFJuriw?t=525
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[ 4.3 ms ] story [ 33.1 ms ] threadI guess we both favor preferring existing institutions, so I’m disagreeing with your conclusion.
But there’s a word for favoring existing institutions: “conservativism.” Not many people on this board like that word.