I'm involved in screening CVs and interviewing candidates. If there is so much as a email adress that indicates a personal domain, I look it up to see whether behind it there might be something like a personal website. When the CV is good and Github repositories etc. are mentioned I also take a brief glance there. But indeed, it is very rather rare that I make the content a part of the interview.

> So what is it?

The term you might be looking for is plutocracy.

I consider it a promise, albeit an empty one

2016 to 2020 would have been a one time aberration.