Has it? By what metric are you using for that? Two Bush presidencies off the power of the senior patriarch. Current president comes from family wealth. Most of the oligarchs come from family wealth. It's not until the recent tech billionaires that became first generation oligarchs.
It's what fills the vacuum that matters, just as POTUS is finding out in Iran. If you don't have a plan for after creating the vacuum, you're probably not going to be happy with how it is filled