Well my model of right wing capitalist regimes puts "under Western influence they transmute into social democracies when rich enough or after the founder dies" as the default. It happened in South Korea and it happened in Spain.

As to "democratic" I was using it in the standard sense used when discussing international relations and geopolitics:

"democratic" == does things the State Department, NYT and/or the Pentagon like.
"undemocratic" == does things the State Department, NYT and/or the Pentagon don't like.