America's Ruling Class and the Perils of Revolution

While I mostly agree with you, I have to note that Hamilton was competent. One of the reasons we're an economic powerhouse vs. all those countries that keep themselves messed up (or in the case of Argentina threw it all away on the verge of becoming a 1st World nation) is the efforts he helped lead to put our financial house in order and keep it there. (In point of fact, one of the reasons the previous system of the Continental Congress fell apart was a failure to deal with that.)

One of the points that Codevilla is making is that our current ruling class doesn't have what it takes to guide our country through its current travails.

Nah, enough of us know our Pareto (http://en.wikipedia.org/wiki/Vilfredo_Pareto), who "is famous for saying 'history is a graveyard of aristocracies.'"

What we are seeing now is the beginning of what he described as a "circulation of elites".