Two thoughts on this:
1. I wonder where we’d be if the masters of the universe weren’t so defensive and insecure. Sure, they’d be able to admit mistakes more easily, but I don’t think most of what’s been happening is a mistake when they’ve made so much money off it. It’s like if someone walks out of a store without paying for something and they say they made a mistake: it’s probably sometimes true, but if this person’s entire income depends on shoplifting, it probably isn’t true for them.
2. Larry Summers isn’t one of the worst ones, but, sheesh, he’s an elitist asshole.