"Domocracy" is the comfortable myth of the Left; "democratuc republic", that of the right. Both are deluded or disingenuous in my opinion; we live in a mobocracy, where popular passions are manipulated by the powerful to validate their pre-ordained decisions.
I do not disagree with your assessment of the current situation. However, the founders deliberately founded a democratic republic. What it is currently operating as is up for debate.