Who is the arbiter then? The black box of "the markets" or corporations? In a democracy you get the state you vote for. The state has far more right that any other institution to dictate morality.
The US has a number of explicitly anti-democratic institutions (the electoral college, the senate) that almost certainly wouldn't be devised if you were starting fresh.
I mean, can you imagine proposing tomorrow, "in rural parts of the country, let's give people 3x the voting power of those in urban parts of the country"? And yet, here we are.
That is a lie. I didn't vote for the current state, and neither did majority of citizens.