Democracy for the sake of dignity, thanks Vaclav

In my younger days I believed all kinds of things.  I thought that I'd live in Indianapolis for most of my life.  That never played out.  I thought that I'd probably be self-employed.  You never know, one day maybe.  I thought that democracy was preferable to other forms of government because it brought economic growth.  Way off on that one.  We're currently watching as most of the world's democratic countries go through extended periods of economic difficulties.  At the same time we see countries with non-democratic systems experiencing strong growth.  A horde of wannabe Cassandras argue that democracy should be reined in, that economic growth should take precedence over our freedoms.  Could they be right?