Carnival of idiots

Who knows what Coldplay are really singing about, but these selected lyrics from their song Violet Hill seem relevant to our current situation:

When the future's architectured
By a carnival of idiots on show
You'd better lie low

Was a long and dark December
When the banks became cathedrals
And the fog became God

I don't want to be a soldier
Who the captain of some sinking ship
Would stow, far below