The elite we deserve?

There was a discussion at Overcoming Bias about the fact that studies show that the elite cheat and are more hypocritical than the rest of the population.

I thought Jim Rutt's comment was very much on the target:

This could be the unintended consequences of a relatively new filter in our society: meritocracy. Prior to the 1960s it was customary for selection processes in academia and business to consider the adherence to “cultural norms” and class cohesion (“is he OUR kind of person?”). The move towards meritocracy has had wonderful effects in bringing forth the best and the brightest from whatever their backgrounds may be (I am certainly a beneficiary), HOWEVER, it also seems like meritocracy has let a lot more sociopaths and extreme narcissists into the ranks of the elites. It’s been very noticeable in my 35 year business career. Indeed on pessimistic days I feel like our elite institutions may end up as armies of semi-autistics lead by sociopaths.

Is this a case of us getting the elites we deserve?