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In contrast to what the Wikipedia article says wasps have not been in controlling positions in finance since at least the 1960s.

Somewhere around the 1960s the general rule that was common sense that you don't hire Jews into your company because they don't have the same morals that you do and will take over your business and sell you out was lost.

And then wasp dominance of many industries was quickly subverted by Jews who now dominate media finance technology and many other industries.

And they quickly brought in the global homo business people who dominate even more and that's one area that most people don't think about is it's not just Jews but it's often homosexuals who have taken control of major industries as well as government positions which govern those industries.

President of Apple, Peter theil, the who heads Open AI and many many others are homosexuals and they absolutely discriminate against non-homosexuals and they absolutely have a certain sociological mindset that is in contrast to the traditional American success that led America through the 1950s.

It's important to know that the idea of the declaration of Independence and the idea of people who had rights and dependent of the king or the church was a definitively Protestant idea stemming from the minds of Protestants who 99% of which founded this country. For example all the signers of the declaration of Independence except one or protestants. The one exception was one Catholic named Charles carroll.

This is not arbitrary..

Protestants have an independent mindset that embrace Christianity without embracing a tyrannical ruler belief. Whereas Catholics typically embrace the idea of following and they must gain permission of the Pope to have rights and others had to have permission of the king to have rights the Protestants belief system leads one very quickly to the understanding that one's rights stem from being human independent of Kings or popes.

So it is not inconsequential or meaningless that wasps were America and represented America and represented the American belief system and since they have lost power the American belief system is failing.

OP, at minimum, and the follow-on links on it should be read. The take from Eric Kaufmann from 2004 particularly. Then:

https://z-library.sk/book/19317024/bcc998/the-protestant-establishment-aristocracy-caste-in-america.html

https://z-library.sk/book/19289770/c2b8b6/the-protestant-establishment-revisited.html

https://z-library.sk/book/22009217/5b0395/crashing-the-gates-the-dewasping-of-americas-power-elite.html

https://archive.org/details/declineofwasp0000schr/page/n5/mode/2up

https://archive.org/details/wayofwasphowitma0000broo

https://z-library.sk/book/845209/b5b593/the-rise-and-fall-of-angloamerica.html

https://z-library.sk/book/2385220/914577/the-wasp-question.html

https://z-library.sk/book/26841427/16ea5a/flight-of-the-wasp-the-rise-fall-and-future-of-americas-original-ruling-class.html

Wasp doesn't mean wealthy it means white Anglo-Saxon Protestant

Puritan Boston, Quaker Philadelphia: notes on 1979 research from E. Digby Baltzell

https://christopherwink.com/2012/10/03/puritan-boston-quaker-philadelphia-notes-from-1979-research-from-e-digby-baltzell/

Boomers are the grandchildren oF WASPs. The Silent Generation died for globohomo, and they were the children of the progenitors of this. Gen X is the fourth generation in this cycle, and just as happened with every mankind cycles, the fourth generation always starts a disconnect from consensus.