http://talkingpointsmemo.com/livewire/princeton-experts-say-us-no-longer-democracy
Asking "[w]ho really rules?" researchers Martin Gilens and Benjamin I. Page argue
that over the past few decades America's political system has slowly
transformed from a democracy into an oligarchy, where wealthy elites
wield most power.
Using data drawn from over 1,800 different policy initiatives from
1981 to 2002, the two conclude that rich, well-connected individuals on
the political scene now steer the direction of the country, regardless
of or even against the will of the majority of voters.
TPM Interview: Scholar Behind Viral 'Oligarchy' Study Tells You What It Means
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