Cheer the video and deplore the disciplinary action all you want, but all that this video will achieve is two ruined careers and not much else.
Not in this day and age. The very fact that millions are watching this video right now shows that people want change. Politicians will now be careful before inconveniencing others, because they wouldn't want to look so foolish and despised. I'm not saying that this one video will change the culture, but small steps like this are what moves us forward. Think of it as progress, not a revolution.
Rosa Parks' refusing to vacate her seat for a white man sparked the civil rights movement in the US. A Tunisian vegetable vendor immolating himself sparked off the Arab spring, bringing down long standing power structures (for the better or worse). I am pretty sure that if we publicize and talk about this incident for a long time, it will go a long way in denting the 'Neta culture'. If all the passengers on an Air India flight have seen this video, and their flight gets held up for the sake of a VIP, I can bet that they will not let it slide.
Let's celebrate each step, however small by itself, of progress.