Correct, but not quite accurate.
It is ultimate perversion of capitalism, and will continue to destroy the best successful historical example of capitalism in history : the U.S.A.
Unless the perps of the Wall Street fiasco are run down and imprisoned (active or retired), the ones who made trillion$ disappear overnight and who fled with their loot, capitalism will never heal, and history will repeat. Obviously switching to communism is a cure worse than the disease.
Not going to waste my time contrasting it to socialism or communism. If you already know, no explanation is necessary. If you don't, no explanation is possible.
You either have a firm grasp of history and human nature, or you don't.
Learning how the perversion came about is fascinating. It did not start in the mid-twentieth century; oddly enough, it started around mid-nineteenth century, just prior to our civil war, long before airliners, trains, ships and cars. Before people worlwide had decent lighting, to conquer the night. And curiously, it started with lighting the night; and oil, and the original unrestrained capitalists. It has been 150 years!
Not surprisingly, most of the current conflict revolves around oil and primitive cultures.
If anyone truly wants to grasp the evolution of economic dysfuction, one books will explain it all in painful detail :
My only other comment is that I don't buy the 10% figure in Wall Street workers. My guess is closer to 25%. Otherwise it would never have been tolerated as long as it has. There is something very seductive, powerful and irresistible about the "no ethics or morals" culture. "Smart and educated" play a tiny role in the process.