Ya, it is an oligarchy, but it's a semi-meritocratic oligarchy. This is evidenced by the fact that people like Elizabeth Warren and Ted Cruz have risen to the top of the political order, despite not coming from historically powerful American families. Nonetheless, we still have some serious work to do.
If you read the article they cover that. At least to discuss that most of these anomolies still come from the upper class in some sense. I'm sure there is still exceptions again, but its worrying that they are in fact exceptions.
Anyway water is still wet and all that. Why is this on hn? While not much of a revelation to me I'm sure some people here need an eye opener or two but I still ain't to sure why this is hacker news.
We learned that in 2008 when the politically well connected were insulated from the effects of bad investment decisions at great cost to everyone else.
