P.S. When you have government run by oligarchs... government is indeed the problem.
When you have government by the oligarchs, for the oligarchs . . .
It really saddens me how (and it's not like this is new, or limited to the USA) historically illiterate most of the populace is. We truly have seen, time and time again, that the adage, "Those who do not learn from history are doomed to repeat it," is absolutely true. We've been rushing to embrace public policy characteristic of
The Golden Age, which was Golden only for the Robber Barons, for about 50 years now, with predictable results, all of which have existed before and had been worked out pretty darned well for society and the country as a whole. Everything old is indeed "new again."
The only reason I replied to a rejoinder clearly meant as jest is because most would have classed FDR as an oligarch. He wasn't branded "a traitor to his class" during his presidency for nothing. But his was government by the oligarch(s), for the people . . .
I've also never, for a single second, bought into the stupidity that is the hatred of educated elites. "The man/woman on the street" is no more equipped to govern a western industrial democracy than fly to the moon under their own arm power. Nor are highly educated individuals who have experience only in business or the sciences. Running governments, at all levels, is a skill set, and one that is learned like all others, via experience and working one's way up through the system (whatever it may be for a given nation). I don't want rank beginners as either the president nor as those appointees running major parts of the government about which they know absolutely nothing at all. Even worse is when you get someone running them that knows an awful lot about them, but because they were formerly in business being regulated, and their goal is to reverse that for their friends, and themselves, after their period in government is over.
'Well-regulated free markets' is not an oxymoron, but a necessity for good economic outcomes.
~ Peter Diamond, winner of the 2010 Nobel Memorial Prize in Economic Sciences