> Thomas Sowell talks about this phenomena a lot, however he describes it as an abundance of wealthy individuals who are highly educated in philosphical ideas b

> Thomas Sowell talks about this phenomena a lot, however he describes it as an abundance of wealthy individuals who are highly educated in philosphical ideas but who have no practical or useful skills for society. I wish this was the only problem. I have been exposed to so many 'elites' (investors, diplomats, C-level executives) that are just plain stupid. For some reason people assume they are very smart, perpetuating this myth.