I'll give you Wall Street, but SV is very much a target of this Neo-Maoist craziness. And don't get me wrong, there are plenty of interesting problems wrt. how to improve diversity and equity in the industry, but politicized catchphrases like "there's no such thing as meritocracy" (a prime example of Orwellian duckspeak if there ever was one) are not conducive to this goal.
Well, if there's truly no such thing as meritocracy according to whichever tech company said that, I'd love if they could hire my disabled younger brother who never completed his degree for an engineering role! He can work remotely.