The cycle identified by the Greek historian Polybius is monarchy -> tyranny -> aristocracy -> oligarchy -> democracy -> plutocracy -> mob rule (ochlocracy). If

The cycle identified by the Greek historian Polybius is monarchy -> tyranny -> aristocracy -> oligarchy -> democracy -> plutocracy -> mob rule (ochlocracy). If anything, the answer to the headline is "no." We're teetering off the edge of democracy into plutocracy.