Political failure modes and the beige dictatorship
Overall, the nature of the problem seems to be that our representative democratic institutions have been captured by meta-institutions that implement the iron law of oligarchy by systematically reducing the risk of change. They have done so by converging on a common set of policies that do not serve the public interest, but minimize the risk of the parties losing the corporate funding they require in order to achieve re-election. And in so doing, they have broken the “peaceful succession when enough people get pissed off” mechanism that prevents revolutions.
http://www.antipope.org/charlie/blog-static/2013/02/political-failure-modes-and-th.html#more