Democracy can be used to restrict freedoms, including economic freedoms, as a counter point the democratically elected socialist states, but that is just a counterpoint.
Yes, democracy does give people the freedom to choose a more left, or right, path. As long as there is still private property right that is fine.
Which is why it is worrying to see when there is calls for abolishing property rights, which we can expect to rise if the middle class shrinks over time.
