An oligarchy exists when power rests with a very few. The U.S. was founded as a rejection of the sort of oligarchy in which royalty (the accident of birth) determined power—although that movement was driven mostly by a potential privileged class that sought ways in which they could become the elite with power.
In 2014, the U.S. is but another sort of oligarchy, the logical and inevitable development from those elitist roots, royalty having been replaced by wealth and that wealth mostly the consequence of birth and not the result of merit (as the myth claims).
And thus, today we are left with a situation not unlike that confronted by Hamlet:
KING CLAUDIUS: Now, Hamlet, where’s Polonius?
HAMLET: At supper.
KING CLAUDIUS: At supper! where?
HAMLET: Not where he eats, but where he is eaten: a certain
convocation of politic worms are e’en at him. Your
worm is your only emperor…
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