The US has been an Oligarchy for quite a while now.

Amongst other things that's why Bernie's campaign to be the Democrat candidate was torpedoed directly by the DNC so that Hillary "I got a cool half a million to give a speech to Goldman Sach's traders" Clinton got the nomination and then proceeded to lose to none other than old-money multi-millionaire Donald Trump.

I mean, it's pretty obvious even before Reagan that the Hierarchy Of Power in the US has in many things had Money as a higher power than Democratically Elected Administration - or in other words, the inverse of the order that it should be in Democracy - and that has expanded to pretty much all things since.

The US (and several other so-called "Democratic" nations) hasn't had Democracy for many years.