@fuhkin_powahfood_kid Read it all.
It’s supposition is that the primary interest of any wealthy entity (particularly the top 1/100th of the 1% of total wealth) are to keep their wealth… and use their vast wealth to influence politics in their favor.
So, in that regard, does Oligarchy exist? Well… does having more money mean you can spend more of it on the candidate and policy of your choice?
Yeah. But it doesn’t necessarily mean that primary goal of the wealthy is to maintain that wealth.
I’m sure that even the bottom 90% have no interest in giving away more of their money and would very much like to keep it, it’s just that they don’t have as much financial power to enact policy or elect officials that have their best interest in mind.
Also, the thesis posits that that all ultra-wealthy have a collective interest in the same thing: protecting their wealth. And they do not have to know each other or act in tandem.
This might be simplifying it too much. Different billionaires have different interests, and lumping them together to say they all collectively have the shared interest in protecting their wealth at the expense of the bottom 90%, requires one to come into this thesis paper with the belief that “all billionaires are bad selfish people”.
Maybe they all are, but that would require us to also say that all people are bad and selfish.
Finally, what could be done? There’s ultra wealthy. They have more power to do things than you or I do. So, maybe the best thing to do is for the bottom 90% to get wise and realize (like the thesis pointed out) that they have more collective power (“total group power index”) and should start listening less to the corporation owned media outlets that tell them how to think and vote.