The problem with democracy

Democracy is the worst form of government except all those other forms that have been tried from time to time. Sounds familiar? This quote, attributed to the seasoned politician Sir Churchill, sounds true today more than ever, given that nowadays there are so many countries on this planet that call themselves democratic. And yet one must be blind not to notice huge problems in almost any single one of them. Rampant corruption, demagogues in power, erosion of law and order, growing inequality and good old misgovernment can be seen from the space, some times literally. Is there a common denominator here at play?