To what, though? What's the choice here? Give a few people even more power without having to be voted in? Who decides which people get all the power? What if they're worse? How do we get rid of them? Is a bloody revolution or decades of dictatorship really the same as having elections where the votes don't always make the best choices?
[0] https://en.wikipedia.org/wiki/Neoliberalism
[1] https://www.ncbi.nlm.nih.gov/pubmed/17436985
[2] https://theconversation.com/what-exactly-is-neoliberalism-84...
Only if we take the preferences of the 10% of well cushioned (who see themselves as Elois and the masses as Morlocks) as some universal law, or _the good_ itself, as opposed to what they are: preferences based on their private interests.
This is the very definition of "tyranny of the majority", and is also self-defeating in terms of democracy: marginalized groups are no longer fully represented in democracies once they have been marginalized.
That's part of democracy. Whether they should be marginalized or not is up to the culture, not to the political system.