Democracy today: human welfare or economic race?

Democracy is recognized today as the political regime that can respond to the deep aspiration of men to happiness, unlike other political regimes. For this reason, it was adopted in ancient Greece, inaugurating the idea that men should be subjects only of themselves, as they are the origin and strength of political power. Being thus a principle which consecrates the sovereignty of the people, democracy wants to be a State where the sovereign People, guided by laws which are its work, makes by itself all that it can do well and, by delegates, all that it cannot make itself. But today, are we still able to affirm without ambiguity that this democracy is still a true and authentic democracy? Is the power of the people recognized by this democracy still theirs? Or is it a delusion? Why and for what our contemporary democracies have failed, what are the heavy and unfortunate consequences and how to get out of this impasse?