The late Prof Mick Moran, who taught politics and government at Manchester University for most of his professional life, had, according to his colleagues, once had “a certain residual respect for our governing elites”. That all changed during the 2008 financial crisis, after which he experienced an epiphany “because it convinced him that the officer class in business and in politics did not know what it was doing”.
After his epiphany, Moran formed a collective of academics dedicated to exposing the complacency of finance-worship and to replacing it with an idea of running modern economies focused on maximising social good.
If the officer class is clueless – obviously it is and that applies to any group we might promote to such status – then there’s no manner of “running” the economy is there? Which is, of course, why we use liberty and markets to do so, so that there’s no clueless wonder “running” things.