Earlier quoted context omitted.
I guess they are pointing the fact that as soon as West Coast got access to the power through money, they did what the East Coast did: protect themselves from the plebe and create a new nobility with barriers to entry instead of using it for greater motives than simple personal accumulation.
Yet you'll still hear many people parrot the line that SV is a "meritocracy".
But criticizing SV is still not finding a good way to conduct our life that would make us happy and avoid having a negative impact on the society in the long run. This is a negative feeling.