WATCH THIS SEGMENT IF YOU GET ABOUT 15 MINUTES:
"If America’s bipartisan establishment is agreed on something, you can be pretty sure it will be a disaster. That is my reluctant conclusion, after nearly three decades of involvement in politics and journalism, in Washington and New York.
I say 'reluctant' because I am not a populist by temperament. I respect academic training as well as expertise based on personal experience. I think that institutions are, or should be, less likely to make mistakes than individuals. I detest people who pose as “contrarians” for the sake of controversy. I would happily be an establishmentarian, if there were a U.S. establishment worth belonging to.
But the track record of what passes for the bipartisan elite in the U.S. in the last generation has been pretty poor. Instead of sober, dispassionate analysis of long-run trends, considered from the perspective of the nonpartisan national interest, the conventional wisdom among America’s movers and shakers has consisted of one hysterical fad after another."
