The rich, like well brought up children, are meant to be seen, not heard. - Lewis H. Lapham

As a child growing up in the precincts of wealth, and later as a college student, newspaper reporter and resident of New York's Upper East Side, I got used to listening to the talk of financial killings and sexual misalliance that animates the conversation of the rich and the familiars of the rich.

Money ennobles rich people, and corrupts poor people. Money in sufficient quantity entitles its possessor to the reverence and respect owed to the statue of George Washington. Money is the sacred elephant, always in the room, never to be addressed or seen, but whose will is done on earth as it is in Heaven.

Happily, at least for the moment, the society is rich enough to afford the staging of the fiction of democracy as a means of quieting the suspicions of a potentially riotous mob with the telling of a fairy tale. The rising cost of the production — the pointless nominating conventions decorated with 15,000 journalists as backdrop for the 150,000 balloons - reflects the ever-increasing rarity of the demonstrable fact. The country is being asked to vote in November for television commercials because only in the fanciful time-zone of a television commercial can the American democracy still be said to exist.