Yes, but in the past decades the elites have accumulated wealth and resources at rates we haven't seen probably since before the French Revolution, depening on the metric you could also call it unprecedented.

Additionally many of todays elites have a social-darwinistic view where everybody that is not on top actively deserves to suffer and perish.

And this unfortunately falls together with the moment where AI reduces the number of real people ultrarich people need to control a population to a historic minimum. It is going to get much worse, before it is going to get better.