The Collapse of the East Coast Elites

The East Coast has Wall Street and DC. Basically the two centers of financial and political power that would enable them to basically wreak the havoc they have on the country in the past 30 or so years and whose incompetence we are paying for today.

But this got me thinking;

As America's "elite" proves themselves basically to be nothing but a bunch of nepotistic, incompetent boobs who rely on connections and cronyism instead of skill and game to award themselves the best jobs in the US, won't the American public and economy at large start to value these people less and less?

I mean if Harvard for god's sake didn't see this coming, shouldn't this make corporations think twice about hiring from these presumed "elite" schools? Not that there is an immediate and viable alternative readily available, but if I was head of a corporation the LAST people I would be looking to hire is anybody who had anything to do with the Ivy League, now-defunct elite bulge bracket investment banks, and the hopelessly pathetic DC.

You see, I want production. I want competence. I want profit. I don't want wheeling and dealing and a bunch of blue bloods talking about Skull and Crossbones while they refer to each other by their initials;

"Hey JB!"

"Why hello BW! Say, nice suit, JB! Where did you get it?"

"Well I got it from Saks 5th Avenue. I don't much like slumming, if you get my drift, ehhhh BW?"

"Ha ha ha! I know just what you're saying JB! How about we award ourselves some stock options while we hire your nephew for that new VP position?!"

"I like you're thinking BW!"

Of course, it's going to be more of an issue of these people running the institutions they control into the ground and newer, better, faster and less corrupt companies replacing them. Lord knows normal, working schleps like us will never get into these old guard companies, let alone would have the patience to fight the internal political battles against the entrenched old guard to slowly turn them around. Regardless, I'm just wondering if corporate America and society at large are realizing the "wizards of Wall Street" they ain't and people like my mother could do a better job managing America's "corporate crown jewels" than the current lot.