The big mistake he makes (and that many other SV haters make) is that he has failed to consider the null hypothesis. There are fakers and wannabees at the fringes of every ambitious undertaking. If you go looking for them, you'll find them. But it proves nothing.
Yes, you could easily reverse the criticism. In Europe, it seems, nobody is seriously considered to have a good idea unless they're already rich. If not, they must be scammers, and avoided like the plague.
As a European, let me say this is sort-of what people think (and it is what the IRS here thinks), but obviously ... thank God that that is not the world we live in.
Regardless of ironic detachment, or having the opposite of what a baby-faced, overpaid, wannabe white nerd, who's also possibly a — let's dispense with gender neutrality — con man — is supposed to have as political background, everyone still flocks to the services and products provided by such Silicon Valley Mammon-Moloch hybrids.
Long $GOOG. For your children, or for your future 150-year-old self.