Economics: the Dismal Science

nominee "So is there a way out of the grim place we're in?" Krugman says. "What I believe is that while resentment can put bad people in power, in the long run, it can't keep them there. At some point, the public will realize that most politicians railing against elites actually are elites in every sense that matters and start to hold them accountable for their failure to deliver on their promises…. We may never recover the kind of faith in our leaders — belief that people in power generally tell the truth and know what they're doing — that we used to have. Nor should we." Krugman adds, "But if we stand up to the kakistocracy — rule by the worst — that's emerging as we speak, we may eventually find our way back to a better world."