I've come to the same conclusion after reading the article a few times. It pops up on HN a lot.
It's a hilarious and dark read, and certainly has grains of truth, but framing your worldview around that is silly and dangerous.
Rao is a good writer, but he's filtering a parody comic through a parody show, with additions from Dilbert (another parody), and supplements the arguments with examples from management gurus of questionable relevance. It's like Jean Baudrillard's Simulacra, where it's a simulation (parody) filtered through another simulation filtered through another simulation until you have something that doesn't reflect reality.
Simply put I would stay far away from articles and people thinking the way Venkatesh Rao exhibits here. Highly toxic and inhumane management bullshit.