@akkartik we've had lots of theories extolling the situated. E.g. Hayek. The tricky thing is that the extolling in practice of disembodied theory from without, even if the disembodied theory celebrates the situated, very often has the effect of unsituating things. E.g. "market" economists interfering in everything for the sake of simplified abstractions, including Hayek's!
@akkartik I think information technology has just changed the balance. Most things were private and obscure, and so most decisions could be situated, by default. Now the disembodied eye, looking to hold everyone accountable for unsituated virtues, is everywhere.