They haven't been universally "wrong" - just wrong for large segments of the population. Equities in America (which are majority owned by the wealthiest top 1%) have done great and the wealth of those at the top has multiplied several times over.

Given that a quarter of all political contributions are donated by the wealthiest top 0.01% (no, not a typo - and 84% of politicians take more from the top 0.01% than all donors giving less than $200), it is entirely unsurprising to me that our policy reflects their priorities.

Who else you going to turn to? Someone who was drummed out of the club for questioning things that everyone knows?