He might have said,
Perhaps the single most destabilizing political development since the WW2 has been the destruction of ruling class prestige by the Internet.
But in this case, the quote is from Richard Fernandez.
The ruling class learns very fast how to deal with the internet.
Right. For a while, it’s a confusing surprise, and the rebels have a new hope. But eventually the establishment gets back on its feet, and the empire strikes back.
I suppose this is one of the reasons no one hears of the deficit anymore on the right.
and why we now hear about it all the time on the left.
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