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badgenome said:

How many people even know the word oligarchy? Depressingly few, I bet. I don't think many people analyze the situation beyond, "I'm allowed to vote, so I live in a democracy." At least as long as they still have their bread and circuses corn and porn, that's a good enough working definition for most.

I guess you're right.

Even people in former eastern germany with its one-party-system believed to be living in a democracy, because that's what they were told, they had a (completely pointless) election every couple of years, and the country's official name contained the word "democratic"...