If you say simply that pressures toward democracy are created by the market, I would say yes.
If the cultural elite has its way, the U.S. will be much more like Europe.
It has been true in Western societies and it seems to be true elsewhere that you do not find democratic systems apart from capitalism, or apart from a market economy, if you prefer that term.
The negative side to globalization is that it wipes out entire economic systems and in doing so wipes out the accompanying culture.
Some people seem to gravitate from one fundamentalism to another, from some kind of secular fundamentalism into a religious fundamentalism or the other way around, which is not very helpful.