[malvosenior]

I think you're right but there's more to it. When you can succeed by using your brain and technology, it doesn't matter so much who your parents are. The thing is we still have a massive legacy of wealth and power fueled by inheritance and other non-meritocratic systems.

This is why you see old media, non-STEM academia and other classic playgrounds of the rich first in line to bash tech. It's an existential threat to their power and control over society.