Quite pithy, that Duncan Black:

I'm someone who used to have a bit of respect and deference for The People In Charge. You know, Senators and such. Now I think most of them truly suck and worry that elites are going to destroy the country.

That's pretty much my story too. I don't like/respect authority figures, but when it all got started I sort of assumed that most of the People In Charge (or "P.I.C."'s as we used to call them back at Oasis Natural Food Store) were probably smart, decent and hardworking. I don't believe that anymore. It really is an aristocracy, and it sucks wind on both style and substance.