Yes - exactly. Genuine democracies are a complex patchwork of competing interests which somehow balance to generate policy that benefits most of the population.
As soon as you have a government run for the benefit of a small group, you no longer have a democracy.
Elections don't change this. Not even nominally free and fair ones.
The problem - as always - is that any system of government trends towards capture by Dark Tetrad types. No matter what decisions they appear to make, and no matter whether they're left/right populist/monarchist democratic/authoritarian, the consequences are always disastrous.
As soon as you have a government run for the benefit of a small group, you no longer have a democracy.
Elections don't change this. Not even nominally free and fair ones.
The problem - as always - is that any system of government trends towards capture by Dark Tetrad types. No matter what decisions they appear to make, and no matter whether they're left/right populist/monarchist democratic/authoritarian, the consequences are always disastrous.