The capitalist class, Walter Lippmann, the Council on Foreign Relations, and the Trilateral Commission’s The Crisis of Democracy would be proud (emphasis mine):

Al Smith once remarked that "the only cure for the evils of democracy is more democracy." Our analysis suggests that applying that cure at the present time could well be adding fuel to the flames. Instead, some of the problems of governance in the United States today stem from an excess of democracy […] Needed, instead, is a greater degree of moderation in democracy.