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"Democratic collapse nowadays isn’t a matter of abolishing elections and declaring oneself dictator, but rather stealthily hollowing out a democratic system so it’s harder and harder for the opposition to win. This strategy requires full control over the state and the bureaucracy: That means having the right staff in the right places who can use their power to erode democracy’s core functions."
The establishment Dems and Reps have been doing this for decades. Trump is just the last straw. He's walking away with the monster they created and he's probably going to let it off the leash.
The only question I have is whether the oligarchy wants him to do that. Imo they weren't ready for it last time. They built the monster for someone controllable like Clinton or Jeb!, and I think they were actually surprised when Trump won the first time. This time they made him a nice little play book, and they've had some time to learn how to at least keep him pointed in the right direction, if not controlled. They might be ready to release the monster they created. Everyone will blame Trump too, instead of the oligarchy... Bonus.
Quite a few have explicitly said they do. That's a big reason why Trump won with Silicon Valley conservatives this year.
He's also much more senile this time. And they have plenty of experience with that from Reagan.