Sure, the elites today are not making money. But the power is already there. They just need to turn power into profits. It will be a lot easier for them than to any other dev.

Elites are not necessarily good or bad. They will exist no matter what happens. The problem is to create the right free-market accountability to them. Usually that means different interest groups that are ready (have the legal and operational structure) to seize the elites place as soon as they make a mistake.