I agree with the sentiment. Experience of elders has much more added value in stable, non-evolving society. 
What we see these days is opposite - rapid changes of all aspects fo our life. 
Many elders are simply lost in so many topics, and then tend to cling first familiar sign, however bad it is from overall perspective.
This is dangerous since populist politicians easily use this and base their activities around these clear and easy targets. I think we all can see this happening all over the place