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Yes, absolutely. And that is precisely why we should see to it that all politicians who have benefited from this system are eliminated in democratic countries. For western democracies, this is basically synonymous with eliminating US lobbying and therefore includes most established politicians.
However, the democratic process for doing so is significantly hampered by the fact that social media in particular, but also legacy media is owned by billionaires. This ensures that only a minority in a given country is informed about the fact that only of a tiny fraction of the population, the richest 1%, in all Western democracies has benefited from this system while the population got exploited.
For Germany, for example, this means that under no circumstances one should vote for the AfD, because it is MAGA with the same goals and the same influential financiers - just a different brand.
The exploitation didn't really start until the 1980's. Before then, the population was benefiting as well.