I agree with your analysis 100%. Yes Gary is essentially espousing Neo Marxist type thinking which is non sensical on closer inspection.

Here was my brief piece on Gary’s view on Bitcoin.

https://primal.net/e/note1y2r9hkre5wvl5cv8650q7rda0v3m625lwek2f7kuu7pze2fu7uaqk36gqx