Yes.  Very sadly, the same idea still permeates our Catholic secondary schools and colleges.  One of my brothers-in-law who is still a devout Catholic, but dislikes the finery of priests and the celibacy rule (He was once in "the brothers.")  often asks why, when we were in Catholic schools, did they stress humility, charity, the Beatitudes, etc. and then always, and still, give alumni(ae) of the year awards and honorary degrees to those who are powerful and rich.