Dragon Days

March, 2015

Elites think they've earned their spot at the top. If they only knew how wrong they are L ast year, former Federal Reserve chairman Ben Bernanke gave the commencement address at his alma mater, Princeton Univer­sity. Before his Ivied audience, he took the opportunity to criticize a uni­versal American fetish: meritocracy. Bernanke cautioned against the ideal of individual heroic success as it now prevails among our educated business and gov­ernment elites, a remarkable concession coming from the...