It's always been a democracy for the ruling class which is the capital owning class from the very start. Entire books have been written on the subject. There are studies showing this to be the case based on empirical data https://www.cambridge.org/core/journals/perspectives-on-politics/article/testing-theories-of-american-politics-elites-interest-groups-and-average-citizens/62327F513959D0A304D4893B382B992B
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