Well define democracy.
I have a good friend who is an Israeli citizen and he has been complaining for the 20 years I have known him that his country's politics are so warped by the people he calls 'the rich American assholes' (like AIPAC) who fund the right wing in Israel that sometimes his country does not seem to be such a good democracy. Imagine a whole lot of external money being injected into the politics of your country - you would probably not like it either.
As for my country, the USA: we are certainly a democracy but there is so much cheating via gerrymandering, etc. that I feel like we have lost something very precious since the end of the second world war when our financial elites started to step up their game.