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I don't know that I expect a better system to replace the current one — as Socrates said "All I know is that I know nothing".
I do think that the chances of moving to an honest system are increasing as more and more people are starting to see the flaws in the current system and they are searching for answers like those found here at Peak Prosperity. I am very optimistic from the long term view for this reason.
The elite can only game the system with the majority's blind cooperation; they are not all-powerful.
Ultimately, I don't think that the answer can be found in 'implementing' a better system in the political sense. I suspect that this is a fool's game in that it is extremely unlikely and even if a benevolent power implements an honest system for the benefit of the people there is no way to prevent a not-so-benevolent power from corrupting that system at some point down the road. This appears to be the story of how we got into this mess in the first place.
I think that the best chance of getting to an honest system moving forward is from more of a 'bottom-up' laissez-faire apporach whereby a critical mass of individuals educate themselves about what's going on and then make the decision to "be the change" (as opposed to making the decision to turn the T.V. up louder to silence their inner curiousity). Of course, the "change" part will mean something different to each individual but at least they won't accept the elite's idea of "change" again anytime soon.
Admittedly, there is very little probability of the majority actually going this route, but history shows that you don't need the majority. You only need a critical mass of 10-20% of the population moving in a certain direction for positive change to take root. Paretto's Law is the great equalizer.