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It's more a system, a structure, of concentrated power. And concentrated power is exceedingly dangerous -- and is gonna serve its own interests regardless of the grievous impact on others.
That includes oil companies, mining companies, big banks, and other structures of concentrated power. Including government. Which most of the time serves institutions of concentrated wealth. (Obama isn't in office to serve the interests of the small business owner or the small farmer or, say, the carpenter. That isn't his role.
And anyone with any understanding of power and institutional structures understands this.)
No one is disagreeing with your assessment of the consequences of when power becomes concentrated into a small group, AKA the 1%. However the problem is when there are countless candidates who are for small business, who aren't in the pockets of lobbyists, who do have the interest of the people at heart, but guess what? Nobody votes for them, nobody cares about self-interest, the only thing people care about are the hot topic issues, gay marriage, religion, immigration. America is it's own worst enemy, and nothing with change because America is getting stupider, lazier, and more uneducated. I just can't wait for everyone 40+ to die.