What has been democratic about how the internet has evolved over the last 2 decades? Because as far as I can see, the internet has undergone a massive centralization into the hands of a few players with practically no regulation. Especially Google, which can make decisions such as adding AI Overviews to search results leading to millions of websites seeing a ~25% drop in organic traffic in the last few months.

Yes. It has been long known as "lawfare"

In practice it means that we are pretty close to how ancient Greeks (in the city state of Athens) defined democracry: ~3% of the population decided - by voting - how the remaining 97% would live their lives.

Very wealthy guy says the quiet part out loud. "We'll just buy a law"

Tech regulation, or lack thereof, tends to be "biggest pile of money wins", but in this case there's already large anti-Google and anti-AI constituencies which CF may be able to mobilize. Especially in the EU.

Do you have any more doubts who run the US and makes laws there?

"Always has been"