Depending on how you look at it, exactly. In my opinion, Bitcoin is more important than elections in democratic systems. If Bitcoin was democratic, we'd not only have to agree to a particular set of rules but also be forced to use what the majority deems as right. "Screw majority", says bitcoin. You can opt-out anytime you want, and join another community, which is more oriented to your perspective on how the network should operate.

Back to your question. The people do choose what they want, but not in the manner of traditional elections. It surpasses that system. Unlike in elections where a government mandates voting for one of the presented options and obliges compliance with the outcome, Bitcoin offers a more flexible approach.