[xdennis]

You think it's democratic if the investors picked him? That's not democracy, that oligarchy.

But in both cases I don't think that democracy is what you want. In the case of subreddits, it doesn't matter because you can always create your own subreddit. And in the case of Reddit as a whole, if people stick with the site after this, then they'll deserve the corporatist crap they'll get served.

[edgyquant]

That’s not what an oligarchy is. It’s pretty close to the exact opposite, as an oligarchy is when the government gives individuals (oligarchs) monopolies over industries and enforces them with their monopoly on violence. Really wish people would actually learn the definition of this word instead of throwing it around in place of everything they don’t like.

Oligarchy != rich people existing and doing stuff