Still a form of democracy. Except in your version an even smaller minority of people control what happens in goverment.
A military crumbles without a strong economy to pay for it (via taxes) a strong economy cannot be dependant on the military for strength, it needs to be dependant on exports and trade.
So people who pay the countries bills (in the form of taxes) do not get to have a say in any way shape or form on anything that happens in the country? Imagine living in a house where you pay all the bills but someone else gets to say what goes in that house who doesnt pay any bills.
Military democracies lead to military dictatorships overnight. No one that is elected that completely controls the military (a U.S. president doesnt really) is ever going to willingly give up power thats how dictators happen. The closer the military is to the controls of goverment the easier it is to cause a military coup.
And ive never seen a country that did even a little bit of good to its majority that was run and controlled by its military