In their continuing campaign to retain government as they know it — and enjoy it — senior politicians endeavour to keep alive the myth that economic growth of the last century was due to the growth of democratic institutions.
There are no such institutions. All of them consist of small to modestly-sized groups with pecking orders within all of them — and from which single leaders of more then usual social ability and intelligence emerge. In organisations that are large enough and which persist for long enough, group leaders become single leaders again.
All these leaders, and their attendant institutions don’t just float into positions of power and influence. They all have to contend with previous holders of power. Thus industrialists of the 19th century displaced the previous aristocracy, followed in turn by being displaced by trade unions, followed much more recently by entrepreneurs well educated in science and engineering.
Scientists and engineers. Are they the beginnings of a new power class? Probably. There seem to be no other likely contenders currently in the market place.