That's a fair point. I am just sharing my interpretation.
From the first time watching the movie in 2006 to a recent re-watch, I always got the impression that the eugenics piece was never meant to be taken seriously (or literally). If anything both parties were made to look rather silly in the intro (in their own way). Felt like more of a story setup.
There were definitely many critiques of US corporate culture (I was living in the US around that time after living in Europe and Asia) and the complacency of US society. The TV commercials/shows/ads, the Fox news show, the overboard consumerism, costco university, the Brawndo slogan. It made all of them look bad and stupid.
One could argue that an average guy solving all the worlds problems while the corporate types failed is a damning take on oligarchy.
The director, Mike Judge, didn't emphasize the more sociopathic and dark elements of oligarchy, but the movie was meant to be a comedy.
