The ironic thing is that it could in fact be argued that liberals have actually saved capitalism from itself. I.e., it is only through the reforms of liberals which have smoothed out the rough edges of laissez-faire capitalism that the rise of more radical socialist ideas have been squelched.
By the way, I was just curious: Those of you who seem to think this elitism is such a problem endemic to liberals, how does this idea jive with the facts that this current administration has tried to reduce the public’s access to information, e.g., by fighting toth-and-nail against releasing information on who Cheney et al. met with when devising the energy policy and by Ashcroft’s directive on Freedom of Information Act requests which, roughly speaking, changed it from the Reno days when the directive was that there was a presumption of “when in doubt release” to a policy of “when in doubt withhold.” And, then there is the classification of all of the info on the missile defense tests which was not classified under Clinton. And, then there is all the distortion and suppression of science that we have discussed in another current thread.
Personally, I find this attempt to suppress and distort important information in the public policy process to be much more elitist, and in a much more sinister and dangerous way, than any of the examples mentioned by those attacking liberals in this thread. Even if some liberals sometimes disdainfully imply that the common people are ignorant about what is going on, that is much less elitist than basically trying to work to keep people ignorant by limiting their access to information!