How many of these people have you met? How much do you really know about them? What convinces you that you or me know more about how the world works than those that managed to get to the highest levels of power and have access to better information? Would that not be surprising?
Not all oligarchies are Democracies, and no Democracy larger than Iceland is democratic. (Iceland has ~350000 inhabitants, and democratic administration tends to work well on a communal level.) Greek democracy at its peak hat a similar number of people, and just 30000 voters.
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Democracy --> no vote, you draw admin/management by lot (again, Aristotle, Politics - chapter 4 if I remember). Modern states are oligarchies of different flavours - in some of them the plebs are allowed some leeway, but have no (or token) say in the commons.
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If at any point you have a process of societal ruling class selection (e.g. vote, exams, market success, hereditary, intelligence, you-name-it) you have an oligarchy.
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