We are where we are in American politics, in part, because all these big-picture projects succeeded in enriching private interests … but failed to achieve their stated public goals. The “shock therapy” delivered to Russia midwifed Putinism instead of a prosperous American ally. The war in Iraq ushered in a regional conflict that’s still burning to this day. Chimerica worked out better for the Chinese than for many working-class Americans, and far better for the Chinese Politburo than for the cause of liberty. And the self-justifying doctrine of the present elite — that you can serve the common good while in office and do well for yourself afterward — became far more implausible when the elite’s projects kept failing even as the officeholders kept on cashing in.