The Riot ClubWatch
Are there immature students, who get drunk and act foolishly - yes
Are some of them minted - yes
Is this the case at other unis - yes
The overwhelming majority are normal students, the average Oxford student has a middle class background.
Even in the hayday of the Bullingdon club when Cameron & Osbourne were running the show they were a dozen students at a uni with like 20,000 students.
Its foolish to read into this rhetoric imo. Every uni has there handful of idiots, just the way it is when you have that many people in one community.