Well I don't think in their case it had much to do with democracy. But a better example might be a country like India or Japan even, where they have a ton of bureaucracy in place that makes it super hard to make any headway when trying to form a company. A lot of these were well-intentioned regulations that people would've voted in support of, but then this ends up stopping the average joe from starting a lemonade stand. An example of this in America is the requirements to become a hairdresser in New Jersey, where you have to go through hundreds of hours of training in things like chemical products when all you want to do is braid hair.