I think you could make a case for either one. Wealth isn’t really an indicator of power though although all the powerful do have wealth. What I do know is that it certainly doesn’t feel like a democratic republic. How could it when the elected get to choose the electors?
Rich people rarely pay for their crimes. It essentially is a monarchy, just with different justifications for us to serve the ruling class.
I would say it essentially is an oligarchy, not a monarchy.
Wouldn’t it be more of a plutocracy since the wealthy are basically ruling us?
I think you could make a case for either one. Wealth isn’t really an indicator of power though although all the powerful do have wealth. What I do know is that it certainly doesn’t feel like a democratic republic. How could it when the elected get to choose the electors?
We’re well on our way to being a theocracy