Quite right in your point. Myself and people close to me know that first-hand. Also, lots of businesses are started by ex-employees who've been squeezed out of

Quite right in your point. Myself and people close to me know that first-hand. Also, lots of businesses are started by ex-employees who've been squeezed out of their former position. However the article is careful to distinguish between financial/corporate elites and small business (whose owners are generally not of the former group). It's almost misleading calling both small businesses and large corps "businesses". It's like ignoring the difference between a house cat and a lion in a debate about how one might goose-step on the other.