Arrogant elitist? Yes, definitely.
However, the headline statement itself is absolutely correct....
no argument there. I do read Roubini and find him at times enlightening. Philisophically, he would be on the opposite side of someone such as Shrumpeter.
Like most elitists, Roubini cannot accept what Shrumpeter described as, creative destruction. To do so, would leave him feeling impotent. That said, I wouldn't put Roubini in the category of the evil left.