He is right; but, with few exceptions, it has always been that way. The smart people rule the dummies and the general public are dummies and don't deserve better. The general public accepts all the lies they are told so they deserve to be slaves since they are too stupid to understand that they are being lied too.
If you are very smart and capable, you will be allowed to join the rich and powerful provided you are willing to screw the dummies and keep them in their place.