Personally I have no argument with tnis statement, although I have not read the context.
We are talking of Christianity, not market driven capitalism. Despite the failings of the WTS , if we look to scriptures, I think of tne 1st chapter Corinthians
"26 For you see his calling of you, brothers, that there are not many wise in a fleshly way,*+ not many powerful, not many of noble birth,*+ 27 but God chose the foolish things of the world to put the wise men to shame; and God chose the weak things of the world to put the strong things to shame;+ 28 and God chose the insignificant things of the world and the things looked down on, the things that are not, to bring to nothing the things that are,+ 29 so that no one* might boast in the sight of God. 30 But it is due to him that you are in union with Christ Jesus, who has become to us wisdom from God, also righteousness+ and sanctification+ and release by ransom"
.......
Nobody likes a proud arrogant person. The God of the Bible does not either. Of course people of ability are needed and valued but in Christian terms, it must be coupled with a degree of humility. I have known, a long time ago , elders I worked with who had basic education and worked on a dust cart or such menial jobs . These men had more organizational ability than the highly qualified managers at my workplace.
Sadly such elders are hardly seen today.