Yes, I agree very elitist. You could also liken it to a sort of religiously based "feudalist" system whereby the "ruling class" (GB) own all the information and only allow the "tenants" of that "kingdom" selected information. Since information is the currency who holds the information holds all the power thus creating a power imbalance that keeps the "subjects" pacified, compliant and obedient all the while being told that this system is for the benefit of all.
Or you could just call it a cult.