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It's funny you look at things this way, because in South America the general feeling is that democracy could lead to a dictatorship of the majority, which in turn could lead to some for of artificial distribution of income. That's the very core of populism, and the natural consequence of the majority of people belonging to the low or middle class.

Even right-wing populism is related to some form of income distribution,  unless power is in the hands of hardcore technocrats who favor major companies.