You're contrasting dictatorship vs oligarchy. The key differentiator for democracies is leaders who are subject to re-election incentives.
Populist parties are surging all over the world. Perhaps there are a few modern democracies where all the political elites are "cut from approximately the same cloth", but if so, they aren't countries I am very familiar with.
Populist parties are surging all over the world. Perhaps there are a few modern democracies where all the political elites are "cut from approximately the same cloth", but if so, they aren't countries I am very familiar with.