Then it is this
An oligarchy (Greek Ὀλιγαρχία, Oligarkhía) (oligocracy) is a form of government in which power effectively rests with a small elite segment of society distinguished by royal, wealth, intellectual, family, military, or religious hegemony. The word oligarchy is from the Greek words for "few" (ὀλίγος olígos) and "rule" (ἀρχή arkhē). Such states are often controlled by politically powerful families whose children are heavily conditioned and mentored to be heirs of the power of the oligarchy. Therefore China would be a communist oligarchy style of governmen
No, without these people it is an oligarchy.
Anyone can become a top trader & earn the big paydays if they are capable.
“power effectively rests with a small elite segment of society distinguished by royal,...”
does not apply. This is classic leftist ploy: play people off against a small group & blame societies ills on them.
It’s got NOTHING to do with what money they borrowed UNLESS there were specific clauses forbidding certain things. If there were not, it has NOTHING to do with it.
Or as Ayn Rand put it, the aristocracy of pull. In Chicago it would be the aristocracy of clout.
Yeah, we shouldn't pay Congressman until they stop wasting taxpayer money.