You're exactly right. In the worst countries in history in terms of a few rich owning everything and everyone else being virtual impoverished slaves, you had the same arguments being made about the same issues. Today I was just reading about some history in the late 19th century, when the heads of European states (think 'Czar') were telling one another about the terrible and immoral push for the public to have more power coming from the 'new world' (that's the US) than endangered them.
At the height of the robber baron era in the US with slums, child labor, people working 16 hour days six days a week in unsafe condition, you had the same arguments.
There is no limit to how far the right would push the society into oligarchy step by step.
This is why the anecdote of a man telling Bush he was disappointed in him and hoped he was not re-elected had Bush smile for the cameras but lean in and say so just he could hear, "Who cares what you think?" was so provoking to people, because it reflected the whole 'the public has no power' situation the right leads to.