Here are some interesting quotes from the Crisis of Democracy. I wasn't sure if these were Chomsky's interpretations or actual Trilateral quotes -- but it is the latter. And they do write a lot about the excess of democracy.
For twenty years after World War II presidents operated with the cooperation of a series of informal governing coalitions. Truman made a point of bringing a substantial number of nonpartisan soldiers, Republican bankers, and Wall Street lawyers into his administration. He went to the existing sources of power in the country to get the help he needed in ruling the country.
Johnson was acutely aware of the need to maintain effective working relations with the Eastern establishment and other key groups in the private sector, but, in effect, in 1965 and 1966 was successful only with respect to Congress. The informal coalition of individuals and groups which had buttressed the power of the three previous presidents began to disintegrate.
In addition, the number and variety of groups whose support might be necessary had increased tremendously by the 1960s. Truman had been able to govern the country with the cooperation of a relatively small number of Wall Street lawyers and bankers. By the mid-1960s, the sources of power in society had diversified tremendously, and this was no longer possible.
In the past, those institutions which have played the major role in the indoctrination of the young in their rights and obligations as members of society have been the family, the church, the school, and the army...The stress has been increasingly on individuals and their rights, interests, and needs, and not on the community and its rights, interests, and needs. These attitudes have been particularly prevalent in the young, but they have also appeared in other age groups, especially among those who have achieved professional, white-collar, and middle-class status.
http://www.trilateral.org/download/doc/crisis_of_democracy.pdf