In our time, there is still a mixture of oligarchy and democracy, or a simulated and mediated democracy. That is to say, in some countries, the oligarchy reigns with the façade of democracy. For example, how can we talk about democracy if the elites dominate, and not the majorities? How can we talk about democracy if there is no separation of economic power and political power? How can we talk about democracy if, in recent times, there has been the most offensive concentration of wealth in a few hands in the history of the world? The fortune of a minority has increased without limits, without any moral concern, while there are a billion human beings who live on less than a dollar a day.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "In our time, there is still a mixture of oligarchy and democracy, or a simulated and mediated democracy. That is to say, in some countries, the oligarchy reigns with the façade of democracy. For example, how can we talk about democracy if the elites dominate, and not the majorities? How can we talk about democracy if there is no separation of economic power and political power? How can we talk about democracy if, in recent times, there has been the most offensive concentration of wealth in a few hands in the history of the world? The fortune of a minority has increased without limits, without any moral concern, while there are a billion human beings who live on less than a dollar a day." in the context of ""Mexico's AMLO calls out US 'oligarchy' at Biden's 'democracy' summit", Geopolitical Economy Report, March 30, 2023." to mean that wisdom is timeless.