Trevor Jackson, at NYRB, summarizing Martin Wolf: "Forty years* of the corruption of our plutocratic elites has now led to what he views as an alarming populist reaction. Voters, especially young ones in the core democratic capitalist countries, have lost faith in the power of markets and liberalism. Serious international rivals have also emerged, in the forms of 'demagogic authoritarian capitalism' in places like Turkey and Russia, and 'bureaucratic authoritarian capitalism' in China"
*- Later, Jackson notes that the golden age of the "ethical elite" perhaps never existed, and elites have been corrupt and plutocratic for a longer period of time