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What Aristotle was saying was that if any society has an extreme discrepency of wealthy citizens versus poor, any discussion of democracy is hyperbole. For true democracy to happen, skewed extremes of wealth and poverty must be eliminated - creating an egalitarian society based on equality of condition where the wealthy minority cannot use their power to subjugate the poor.
Aristotle also posited that in a perfect democracy which contained a wealthy minority and a poor majority, the poor would use their democratic rights to appropriate property from the wealthy. For Aristotle, this was unjust and to alleviate this possible situation he proposed two solutions: reducing poverty (which is what Aristotle advocated) or reducing deomcracy (which epitomizes the "democratic" society we live in today).
"The Politics" is an illuminating and penetrating discourse on democracy and holds many valuable lessons for constructive social action.
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