I guess I'm confused by what you mean by "liberal elites", I've never heard that position argued from anyone but libertarians. Strict libertarianism would be the "let the market do everything" approach, but that is overplayed by critics. There are some notable intellectuals and commentators who say that sort of thing, but regardless of position those are usually the least reliable voices. As I said, most libertarians see government as needing to limit itself to defense of the population and basic upkeep of society/infrastructure. Like most political positions, the details get sketchy from there and some may be more or less extreme. However, I'd argue there is a strong strain of libertarian thought in most of us born 1980 or later. We recognize government needs to intervene and markets won't fix everything, but we also see most government programs as being built to feed the beast and not to solve problems. Many of our greatest "market failures" started and stopped with government intrusion. (Usually to help one side or the other line their pockets with regulations) We want more individual privacy and freedoms, not less. We want to push people to be responsible for themselves (not give them a blank check to do nothing), but we also recognize the need to invest in them to allow that to happen. Unfortunately, most national candidates end up looking too much like the Tea Party than someone who just stresses more liberty.