It would be aristocracy if you had to be born into it.
Now, I'll admit that the US system of mostly only very rich people getting access to top universities is not exactly fair - but you can in principle become a politician no matter your background.
I don't think it's crazy to assume that qualifications matter. And most of the US's best presidents (such as Lincoln, both Roosevelts etc.) were highly educated and had had political careers before.
I'm aware, having taken Ancient Greek in high school, thank you very much. Meanings shift. An aristocracy is not a meritocracy and is mostly distinguished by its reliance on social status instead of actual merit.
Now, I'll admit that the US system of mostly only very rich people getting access to top universities is not exactly fair - but you can in principle become a politician no matter your background.
I don't think it's crazy to assume that qualifications matter. And most of the US's best presidents (such as Lincoln, both Roosevelts etc.) were highly educated and had had political careers before.