Democracy: Good or Bad?

First of all lets discuss if all (or most) of the organizations now a days have a democratic structure or not. I believe, even though companies make us feel like it, they actually dont. Most of the companies these days go by their own rules and regulations and they leave very little to the employees to decide or choose from. But they try to give them as much power that they feel like their voices are heard and they do count. How can we say that? VP of our company doesn't always make rules after asking us. Most of the time things happen and later its announced to us that company is taking such and such steps towards such and such thing. Recently our health insurance policy has been changed to a high premium policy without even asking us and all we know is that its there now. But at the same time, is it ok to leave all they decisions to the people of the company? Would company be benefiting from this decision and after so many demands of the employees and so many suggestions it can close down. So I believe in some cases democracy is good and in some bad.