The demise of democracy

This has been making the rounds on the blogosphere, but for those who haven't seen it yet, a couple of professors have concluded that the United States is really an oligarchy. For the record, I'm not sure that's a bad thing.

HT: Blog reader MM.

Note: I appreciate the tips and links to interesting articles I get from all of my blog readers. If you send me something and I don't get back to you quickly please bear with me. I have a lot going on in the non internet world of late.