It may not describe financiers. I’d say it’s a fair description of entrepreneurs. Just because some people do it poorly doesn’t mean it’s not a skill. Kind of argues that it is, actually. I wholeheartedly agree that having the most money is a horrible qualification for the job. But I maintain that it does need to be done. Myself I would prefer more of the decision making to be collectivized but I don’t think the concept of having business leaders is entirely outmoded.
Edit: plus I was on a bit of a tangent when I wrote that sentence anyway. I need to get better at self-censoring. The point was about how best to be able to serve society’s needs without relying upon rentiers to furnish the means.