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I understand the dangers of this proposition very well and I'm glad you pointed them out.
In short, this is what has already happened to our current political system through lobbyists and special interest groups. I am not so certain it would necessarily become an oligarchy- presently one could say that is what we already have with the Supreme court, but a "Good Ol' Boy" club might be close. The same as what is in place in Washington now.
There are plenty of kinks that would ne to be worked out in a system like that but the c=accountability factor would be much greater and the possibility of meddling via lobbies and special interests would be almost nonexistent.
Politics is very messy. I'm sorry to have gotten your juices up.
There are always ways to keep honest people honest. Educating the masses is one way as well.
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"That's it! They've got the cuffs on him, he's IN the car!"
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