If it takes "a bastion of holier-than-thou ego junkies" to write decent program code in the 21st century then so be it.
What elnyka was talking about is about average Joes switching to CS degrees and making it through college with an eye out for the professor and the other eye on digg (or slashdot). They then go on to copy-paste a chunk of code from online, pass it off as their own work, then pose as a computer programming professional when they don't know how to code a proper quicksort after two Artificial Intelligence courses.
The companies these fakes work in proceed to shakingly grow, then fall because of the collective stupidity, bringing down the others in the resulting panic too.
As a last example, take the field of medicine. Are doctors "holier-than-thou ego junkies"? No. However, the field of medicine will never fall because of the high degree of filtering it takes to become a doctor in the first place. Only the true doctors make it. None of the jerks that thought "oh, doctors get paid well, so I want to be one too!".
Want bugs in your bodily systems? No. Have good true doctors.
Want bugs in your computer systems? Up to you...