Yeah, that the "lacking empathy part". Most of them are sociopaths and psychopaths, in the medical sense. They only want power for themselves at any cost to others.
I don’t think it’s that extreme. They probably view themselves as the arbiters of society and are inherently granted more privilege than a normal citizen. Paternalistic more than sociopathic. Issue is our parents, while have the benefit of experience, don’t know shit about shit really. Especially when it comes to tech.