What pushed our nation over the edge to plutocracy is the intentional Reagan (Heritage Foundation) strategy of pushing working and middle class Americans into the stock market via investments, retirement funds. Lowering interest rates on savings, under the guise of protecting against inflation, forced everyone with any cash into the stock market (e.g., .dot.com bubble) or into the housing bubble rather than sitting in bank accounts where it could be loaned out to qualified borrowers. This created a generation of new investors pumping money into bubbles and dysfunctional acquisitions, mergers and capital pirates and obscene pay rates for CEO's and finance salespeople.
Once we became investors in the stock market and its multitude of offshoots and products, we became conditioned to the cycles of the markets and addicted to the gambling culture of the elites. We worried when the stock market went down and our savings plummeted. The incentive, it seemed, was to do anything and everything we could to prop up corporations and reward successful gamblers. Indirectly, this allowed us to rationalize the degradation of environmental, workplace and financial regulations and standards as being "good for business." Obviously, with money riding on the stock market, we were all invested in the plutocracy, even if we had no way to protect our savings from the cycles and manipulations that the insider elites were somehow able to avoid or withstand.
Thus, the old Democratic coalition was corrupted by the Republican led (and Democrat followed) financial de-regulation and the shift of our nation's wealth from bank savings (the Savings and Loan scams helped drive people away from Savings) to stock market and bubble schemes, also creating a culture of gambling and credit cards. The credit card industry would not have consumed so much of our debt if it had been required to lend only at 4-6%. Someone has been benefiting from all of these schemes from the Republicans and Finance Elites (Robber Barons). And it was not "We the People." It was not our nation. It was not our future.