People who have money and power today are on average less intelligent and less competent than people who don't. I guess this is the result of the past 10 or so

People who have money and power today are on average less intelligent and less competent than people who don't. I guess this is the result of the past 10 or so years of expansionary monetary policy. It enabled greedy people with very little talent to capture a lot of money. Value creation was sacrificed for the benefit of value capturing (rent-seeking) activities.