Well from the context of the subject of the article, YC serves as the university (this site can be seen as serving like the social environment of such to discuss things relating) to feed the "New Bankers" or the Google/Apple/Facebook's.
However what this author fails to talk about in his haste of this new order to shape up because of the fracturing social order in developed world (note not developing world because most people in the developing world have nothing to lose because they did not gain much of the fruits the developing world has), is the war that usually happens during these periods (look at what is shaping up in Spain, Greece and spreading through europe). I expect 3-d printed weapons (Hat tip to Defence Distributed and the pollitically aware hacker-culture that very much includes the so called "Pwnd" developers) to shape some role.
Developers are the "new engineers" aren't "Pwnd". The "new system" relies on them for the new working class: the Robots. And the "old system" relies on them for pretty much making technology practical to use for their whims.
The people that are "Pwnd" are going to be the people who aren't shaping the new system at all: most people in the societies of the developed world.
"If you don't become an actor, you'll never be a factor."
Investors out-built builders. And with minimal effort.
It's another thing investors own: what developers read.
Pwnd developers. You're pwnd.