Democracy is seen today as being in erosion or crisis both in the Global North and South. This article puts forward the concept of ‘dependent democracy’ in order to explain that much of the lack of success of democracy in the South in guaranteeing political participation and economic inclusion and wellbeing for the majority of the population is due to a specific tendency of democracy there. Adapting some insights from the more economics focused Dependency theory towards a more contemporary point of view from political sociology and international political sociology, dependent democracy is understood as a democracy that exists in a subaltern position within the hierarchical, post-imperial and neo-imperial global capitalist order. Dependent democracies thus tend to be less ‘democracies’ and more ‘oligarchies’ within a form of government in the South that can be understood as existing in a global pyramid of semiperipheries, middle peripheries and outer peripheries.