To say that is to ignore all the progress we've made!

In the current system, the elites can literally print free money. But in PoS, all they can do is try to double-spend or censor transactions.

This is far less power for the elites to possess.

Furthermore, there's now a clear path to getting into position as an "elite" — you just need money. You don't need political connections. You don't need to be born into the right family. It doesn't matter what color your skin is. It doesn't matter what nation you are a citizen of. It's now just about money. And what you can do with that money is very boring, and gives you a very small reward.