I think replies to this comment miss the point. The author is stating that the "YC model" -- which falls under capitalism -- is generally incapable of fostering the development of society in any meaningful way.
Enterprise software should make businesses more efficient, and productive. And we have that now. I can run a business that employs people from anywhere, using Quickbooks (accounting & billing), Rippling (HR/payroll/IT), Brex (charge card) etc. I built a simple website earlier this year on Squarespace (far better than handcoding it myself, or using old editing software). I can collect payments from anywhere using Stripe and Paypal. If I was running an ecommerce site, I'd probably be using Shopify and that related world of plugins.
Productivity growth is one of the biggest challenges of our time, and software lets us do that, without harming the environment. YC is a great addition to capitalism and societal development.
Productivity growth is a myth of the money-centric attitude that I'm criticizing; I don't see how it could confute my point.
What I'm saying is that their moral contribution to society, as a startup accelerator, is minimal.
Indeed, I believe this is true of virtually all the Silicon Valley.
[Edit: Fixed typo.]