Central planners 2.0, welcome to the soviet union.
In the US, that never has been the case. Even in its golden years.
https://whorulesamerica.ucsc.edu/power/class_domination.html
Even in 1960s, 30,000 people (families, children included) dominated all US economic and political institutions. This group was an exclusive group with class consciousness, thwarting any reduction of their control and keeping outsiders out. This phenomenon continues today. Some freak successes in tech space did not change the pattern.