"…both major political parties must be led by men of common purpose and follow a common political philosophy, but they must put on a great show of competition in order to convince the masses that there is a genuine conflict between them – a phony wrestling match in which the contestants take turns appearing to pulverize each other to excite the spectators. That way, voters can jump from one party to another to “throw the rascals out” every few years but never really change anything important. The ruling elite, he said, must arrange political affairs in such a way as to make voters think they are participating in their own political destiny, but that is merely an illusion to keep them content and to prevent them from meddling into the important affairs of state."
Comparing the body politic to the antics of the WWE (formerly the WWF, but with such a stupid fan base, apparently had to make the "Entertainment" part explicit) is just about the best analogy I’ve ever heard.
Of course, it’s doubly good, since the comparison between "wrestling" fans and voters is just as apt.