Here something for you to consider (and my apolgies to EB for singling him out here):
in 1997: https://cypherpunks.ca/~iang/pubs/privacy-compcon97.pdf
later (working under Eric "if you want something private don't do it on the internet" Schmidt?): https://www.linkedin.com/in/eric-brewer-1031254
So a few points:
The leading "technical intelligentsia" were not kids who just entered into the labor market in 2000. Many of them spent the previous decade_s either pushing techno-utopia, or in Brewer and friends case in 1997, actually raising red flags. Most of the tech-utopia ideology came out of 60s and 70s anyway. Technology was supposed to finally solve some long standing issues.
Wells doesn't address the fact that "superabundance" of geeks means nothing if these same geeks need access to facilities for their technical-intellectual pursuits that only Capital provides. This very moment I am sure, n AI geeks are internally having a debate over their ideological convictions vs working for one of the AI giants who do not share these convictions (in context of AI, minimally). I do not blame those who don't walk away from their careers and intellectual pursuits. Its a social structure issue that places difficult delimas. Your big brain can only insure your survival if it is working for pay.
The entire "do no evil" and primary color theme of Google was imo further signaling (falsely) that "here is a company that is on board with our utopian program". They actually played to that role until it could no longer be taken seriously. Now it would be laughable.
I mentioned the "last 20 years" as the QED period, not the actual formation of ideas, promotion of ideas, and finally leading "the common man" down the path of e.g. surveillance capitalism while pretending to those ideas. That process took decades and started in 60s.