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Is Democracy Giving Way to Oligarchy?

Last month there was a major stir when a study came to light suggesting that America was no longer a democracy but rather an oligarchy, a system in which the policy preferences of the very wealthy consistently held sway over those of everyone else. The authors of the study, Martin Gillens and Benjamin I. Page weren't crazy about the 'oligarchy' terminology. But the findings fit into a larger discussion of wealth inequality and the threat it may pose to American democracy itself.
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