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Still not a democracy, you just described a Republic, which is what we've always officially been even if die hard patriots prefer to say democracy
Plutocracy in action
What are you talking about? The people electing representatives that makes the final decisions is called "representative democracy". A republic is a form of representative democracy. A constitutional monarchy, like you find a lot of in Europe, is another form of representative democracy that fit the original description, without being republics.
I think more than a few “patriots” feel the need to point out that we’re a republic, not a democracy.
Because the idea that people should get a say is ridiculous.
“Too much democracy” interferes with their plans.
It's a Republican Democracy... a Democratic Federal Republic... whatever you want to call it, point is it's both a Republic and a Democracy. They're not mutually exclusive categories. In fact, most categories you can use to describe the structure/type of a government aren't very exclusive categories. Governments are very complex and can be a lot of different things, so we have a lot of different terms (and different usages of those terms) to narrow a description down.
Either way, society is fucked until we got nothing left but to revolt - but that will never happen, as the carrot is being dangled all the time.
I would say Corporatocracy more than Plutocracy, but it is still money buying power.