Unfortunately, yes. Stephenson is something of a founder of what became known as "cyberpunk," but his angle has always been the right wing of it, where the socioeconomic conditions are mentioned but not really addressed as the dystopia part of it as much as "government sucks and is bad so I guess corporations took over and that is fine, also look at how not normal and freakish those freaks are over there," and the protagonist is usually a libertarian wank fantasy of genius exceptionalism who wants to create a bubble society of fellow exceptional geniuses, not unlike his contemporary Orson Scott Card and how the "Ender's" books played out over time.