This is only really true in certain countries that don't really do democracy. In Britain for example parliament is sovereign.
To what extent this was explicitly coordinated by the government versus people who are merely strongly ideologically aligned with it is unclear; in systems as totalitarian as the UK is becoming it's a distinction without a difference as anyone not so aligned is quickly removed for one plausible reason or another and replaced with someone who is.
> I emailed the chairman, a lackey phoned me to say that it was a commercial decision, which I have to say, I don’t believe for a single moment. So I thought, well, there we are, I’ll have to go and find a different bank. I’ve been to six, no seven banks actually. Ask them all, could I have a personal and a business account? And the answer has been no.
Denied accounts at seven banks, and in the end he was right - the reason Coutts tried to close his account was simply because some woke committee hated him, it was purely political. There are no legal or commercial reasons to deny him an account, yet somehow, every bank does so. With no bank in the UK he cannot make payments and without that ability he cannot live there, so the banks came very close to ensuring that the British people could not vote for him even though Reform is now the most popular party.
The British establishment is entirely homogenous on this, because they claim anyone who supports Farage is insufficiently committed to "diversity and inclusion" (leftism) and thus must be forced out. It's indistinguishable from the banks all being directly controlled by the Labour party. The only reason Farage was able to stay is because Coutts were impatient; it was the dying days of the Conservative administration and they suddenly realized what was about to happen to them if they didn't make changes sharpish, so they stuck the FCA on NatWest and some heads rolled. But if Coutts had waited a bit longer until the next Labour government, there would have been no help coming and British democracy would have become even more sickly and fake than it already is (I say this as a British citizen).
The notion that banking, of all industries, has been taken over by woke leftists (please supply your own scare quotes for the first of those appellations – I give up) is for the birds. As for the establishment, your own take on this is inconsistent, first saying that the establishment is entirely homogenous and aligned against Farage, and then pointing out that the government of the day helped Farage to get his Coutts account back.
Who hasn't?
> and regulators
Good! (I wonder why?)
This is quite different from the claim that Coutts, of all organisations, was in hoc to 'woke leftists' while the country was under a Conservative government.
Theresa May et al instituted net zero basically without a vote, huge liberalisation of various social matters, enormous spending on welfare, locked the country down, and then imported 4 million people!
Sunak himself certainly didn't present as a dyed in the wool wokist in the lead up to his permiership:
> Whether it’s pulling down statues of historic figures, replacing the school curriculum with anti-British propaganda or rewriting the English language so we can’t even use words like ‘man’, ‘woman’ or ‘mother’ without being told we’re offending someone [... etc. etc.]
https://www.theguardian.com/politics/2022/jul/29/rishi-sunak...
It would be good if you did at least a minimal amount of due diligence before spreading misinformation (but I guess spreading misinformation is the whole point).