No, he means the thing democracies had turned to, when hardly differentiating parties turned into a practocal "uniparty" in economic, corporate, and foreign policy, and ruled by pissing on what the people voted for, which the current populist backlash is a reaction against, as elites (and supporters) lament as "too much democracy" and scorn the ignorant plebes (case in point) and pine for censorship and "expert" rule.