This is mostly true, but it downplays the regulatory capture that has also occurred at the same time. "The Rich" have a lot more access to some very cheaply bo

This is mostly true, but it downplays the regulatory capture that has also occurred at the same time. "The Rich" have a lot more access to some very cheaply bought politicians, they have entire organisations dedicated to policy wonkism that is spoon fed to those politicians and they play king maker in the background of our political organisations by pulling support in the shadows. If you want a concrete example of this in a modern, western country you only need to look to Australia to see the paralysis that has occurred over climate and carbon policies. Every time we get close to making some progress on curbing our coal producers, a political ruction occurs. This happened again just days ago when the rump/conservative/rural voter party (The Nationals) replaced their leader with a coal industry supporter - simply because the leader of the majority conservative party in their coalition publically mooted a potential change to net zero emissions by 2050. It's like clockwork and ordinary people can do exactly zero things about it. How does this destroy the middle class? Big companies need educated workers but they don't like the wage bill associated with it. Decimating the middle class via automation and flooding the market with educated people ensures a long term supply of poor-but-educated. That's the end goal of this project and the measurable difference in wealth inequality proves that it is working extremely well.