Absolutely. Democracy is ONLY a label, assiduously promoted by the Media as the ONLY Perfect system of governance where the sovereignty rests with the People. May be so in theory, But in practice, it is not much different from dictatorships.
See what happens in the Most Powerful Democracy in the world, the US. Without Money, no one can even contest in an Election whether for Presidency or Congress. And who provides the Money but those who have it and have their own INTERESTS to look after like the Gun Lobbies and Arms Lobbies. The former ensures that anybody can buy a gun making Human Lives quite cheap in the US with Gun attacks a daily occurrence while the latter promotes War and Violence in various parts of the world which serve to fill the pockets of some. How does this make Democracy a good system in practice?
So Democracy is ONLY a Slogan which is little different from other forms of governance in practice.