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ps. Stan, oligarchies and democracies are mutually exclusive by definition. You may be thinking of "democracy" as short for representative democracy, but that's common misnomer.
If you understand that oligarchy and democracy are mutually exclusive, then the paragraph you wrote is simply nonsense.
Secrecy and elitism are part of the Wikipedia culture. It is institutional. The failure is in not making the power structure open and visible, which leads to abuses like the one described. However, I take your point about Wikipedia vs the differently flawed DIGG.
The very fact that you're probably disagreeing with me right now is proof that I'm right.
All that aside: Stan, I disagree with your suggestion that "a higher degree of influence and power will always be retained by the selected few". This suggests a secret conspiracy (whether it's done through an email list or not) is always moving behind everything. That also suggests that people aren't capable of governing themselves (because we're lazy). I think Americans as we are now are lazy, but I think if we were actually trusted to run things, after a while, we'd work it out. Color me anarchistic, but I don't see the "select few" doing a very good job of running planet Earth. Maybe they should practice what they preach over at Wikipedia and we'd see how it works.
And yes, Kyle, I know all conspiracies, by definition, are "secret." I only added the word to make sure that was understood by anyone not familiar with the precise definition.
If Stan wants to say that something is neither oligopoly nor democracy, he should do exactly that. What he shouldn't do is redefine well-understood words.
His comment amounts to: I know they are mutally exclusive, that's why I said they weren't, to make a point. Sorry, but that's nonsense.
This is one (of many) reasons why economies based on subsidy (including activity funded entirely by advertising) all ultimately end up in the same state.
En Francais: "Votre mére, elle est une hamster, et votre pére, son odeur est des baies de sureau."
Do I win the troll award?