Tyler Cowen explores the growing public skepticism towards elites, citing events like the 2008 financial crisis and the COVID-19 pandemic as major contributing factors. He notes that both events exposed significant failures, leading to a loss of faith in authority figures and institutions.
Cowen points out that the election of Donald Trump, regardless of political affiliation, highlights a widespread failure of the elite class. His rise and presidency, in either positive or negative contexts, underscores the significant failures of established power structures.
The decline in trust in elites has facilitated the spread of misinformation, ranging from conspiracy theories to distortions of historical events. This, Cowen argues, is further evidence of the failure of elite institutions to maintain public confidence and effectively combat the spread of false narratives. The author notes that a rejection of expert opinions and a disregard for established legal processes contribute to the issue.
Cowen advocates for a redefined concept of 'elitism,' prioritizing a commitment to scientific principles, open inquiry, and a dedication to truth-seeking above mere credentials or titles. The solution, he argues, lies not in rejecting expertise, but in demanding a higher standard of behavior and accountability from those in positions of authority.