The system functioning as designed.
In England, at this day, if elections were open to all classes of people, the property of landed proprietors would be insecure. An agrarian law would soon take place. If these observations be just, our government ought to secure the permanent interests of the country against innovation. Landholders ought to have a share in the government, to support these invaluable interests, and to balance and check the other. They ought to be so constituted as to protect the minority of the opulent against the majority.
James Madison, Statement (1787-06-26) as quoted in Notes of the Secret Debates of the Federal Convention of 1787 by Robert Yates
QUESTION: Isn’t that erection of barriers to democracy woven through the entire history of the United States?
CHOMSKY: It goes back to the writing of the Constitution. They were pretty explicit. Madison saw a “danger” in democracy that was quite real and he responded to it. In fact, the“problem” was noticed a long time earlier. It’s clear in Aristotle’s “Politics,” the sort of founding book of political theory – which is a very careful and thoughtful analysis of the notion of democracy. Aristotle recognizes that, for him, that democracy had to be a welfare state; it had to use public revenues to ensure lasting prosperity for all and to ensure equality. That goes right through the Enlightenment. Madison recognized that, if the overwhelming majority is poor, and if the democracy is a functioning one, then they’ll use their electoral power to serve their own interest rather than the common good of all. Aristotle’s solution was, “OK, eliminate poverty.” Madison faced the same problem but his solution was the opposite: “Eliminate democracy.”