“If you happen to be a rich dweeb who went to the right schools and hung around with the same group of people your whole life, and those people actually run the world, well, then, you’re in the very happy position of having your own bullshit adolescent belief system become self-reinforcing. You think that reality coincides with your beliefs because your beliefs are true, whereas in truth it’s because you spend all your time with people who believe the same nonsense you do, and generations of your cultural ancestors just happen to have built very high walls all around you fools to keep reality from getting in and spoiling things.
Nothing else explains people like Alan Greenspan and Megan McArdle and all those other idiotic Ayn Rand devotees, big and small, who continually go out there in public and flog pseudo-religious beliefs about the self-correcting free-market as a cure-all for anything and everything, even as evidence to the contrary rains down from the sky like volcanic ash. These people actually believe this shit and they believe it with the imbecilic ferocity of teenagers, even the ones who are 190 years old like Greenspan (who incidentally finally conceded a “flaw” in his thinking, but only after the entire world exploded and even all the reality-proof friendly data sources he had relied upon for his whole life told him his ideas were fucked), and it’s nearly impossible to get them to let so much as a sliver of their belief systems go.”