The latter is the reason for the former. There was such an over use of shame to hurt people's social standing and careers that it stopped being effective. At

The latter is the reason for the former. There was such an over use of shame to hurt people's social standing and careers that it stopped being effective. At some point, people lost all trust in the institutions carrying out the shaming and life ruining and started fighting back. All of this is orthogonal to personal wealth. Some of the shamers were very wealthy and powerful people and some of the shamed were those with very little wealth, influence or power.