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I think that accademic titles, which are earned and awarded by one's peers, have validity.
I think that military titles, earned by service and in an organisation with clear hierarchy also have validity.
Where it all goes tits up is with organisational titles in commercial organisations. The level at which people are titled "manager" in many companies is now so close to unskilled entry level that it's become meaningless. In many British companies we are now starting to have to call senior staff "VP" as the title "Manager" is totally devalued.
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Overhead, the Albatross hangs motionless upon the air,
And deep beneath the rolling waves,
In labyrinths of Coral Caves,
The Echo of a distant time
Comes willowing across the sand;
And everthing is Green and Submarine
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