Socialism or democracy? Isn't the majority rule principle called democracy?
There wouldn't be an or. You're not picking 1 or the other.
NHL players had a socialistic system jammed down their throats with the promise to vote for it or not play in the NHL and make millions of dollars.
NHL players didn't willingly accept the socialistic system until the NHL owners literally gave them no other choice.
If your boss came to you tomorrow and said i'm restructuring and you can all stay for $12.50 an hour or be laid off right now a majority accepting the smaller wage isn't at all a democracy. They would view it as having no other choice but to keep the money coming in until another job was found. In hindsight you may look back and say everyone was fine with it since the majority accepted the lower wage but it wouldn't be anywhere near the truth or reality of the situation.
NHL players have never been willing to fight back against NHL owners and truly make the sport a partnership between both sides. They allow their own petty arguments over things like escrow and small amounts of their pay get in the way of the bigger picture.
End result is a max salary of $12.5 million...barely 20% more then the top end salary was 20 years ago in 1999. Compare to NBA and MLB and NFL and the top end salaries and there is just no comparison. NHL players have been their own worst enemies by refusing to be properly prepared and willing to fight for a proper economic system within their sport.
For example: If in 2004 after the World Cup when the season long lockout began if the NHL players went on tour and generated revenue to keep themselves afloat they could have lasted 2-3 years and forced the NHL owners to negotiate vs dictate a salary cap upon them. There are many other things they could have done but just 1 example like this could have shown their resolve and commitment as a group and a willingness to fight for the right to negotiate. NHL fans are never going to accept replacement players and the owners would have had a choice to make that would have had to benefit the players.
Instead infighting cost them leadership and exposed the cracks and the NHL just had to wait them out because of a lack of any plan at all.