You have to admit it does simplify things quite a bit

From Jonathan Chait:

There are a great many questions that can be easily explained by letting go of the assumption that people in positions of wealth and power must have some intelligent reason for what they're doing. I hate to constantly bring everything back to the role of luck in market outcomes, but this is a fundamental philosophical divide with wide-ranging implications. My belief is that a capitalist economy will produce, through sheer luck, a great deal of rich dopes. Donald Trump is a great case in point.