Remind me of Elon's point, you don't need a high school diploma to work at Tesla. And he has lots of diplomas.
I think it is more a rejection of traditional academic institutions as the arbiter of merit. It is a shift towards a more “pure” meritocracy where all that matters is your ability to deliver. Whether this is good or bad, I am not sure. I think it depends on how society treats people are aren’t able to deliver to the same degree, and currently, in the US at least, those people get thrown to the wayside
https://news.ycombinator.com/newsguidelines.html
It may not have been the most substantive comment, but you've grossly overinterpreted it in an uncharitable direction.