Democracy is a system of government, not an economic model. You could easily argue, simultaneously:
1. Capitalism has failed in those countries, even if in different times and places one could say capitalism has succeeded
2. India and Mexico have major issues with their democracies—if a democracy is a system of government in which the citizens of a state hold collective power over their government, then there are many obstacles preventing either country from having a well-functioning democracy.
I can sympathise with your feelings that the current global status-quo is failing many people—I would agree—and I would argue India and Mexico are great examples of how unchecked capitalism and authoritarianism are causing an active erosion of democracy (and standard of living) in those two countries.
1. Capitalism has failed in those countries, even if in different times and places one could say capitalism has succeeded
2. India and Mexico have major issues with their democracies—if a democracy is a system of government in which the citizens of a state hold collective power over their government, then there are many obstacles preventing either country from having a well-functioning democracy.
I can sympathise with your feelings that the current global status-quo is failing many people—I would agree—and I would argue India and Mexico are great examples of how unchecked capitalism and authoritarianism are causing an active erosion of democracy (and standard of living) in those two countries.