In the constitutional convention of the United States in 1787, the property-interests were well-represented. Even so, a fear of a plutocracy was voiced by those property-protectors as well. While one might conclude at first glance that the wealthy delegates were duplicitous, their position was not self-contradictory, even if the bias toward wealth is discomforting for those of us who value representative democracy.
The full essay is at "Basis of American Aristocracy."
