> where is the "wisdom of the crowds" when it comes to decisions that we, "the elites", don't like?
The crowds wisely thought the sun orbited the flat earth, and have voted for many bad decisions throughout history. Democracy is supporting their self-determination - the crowds have the power. That doesn't at all mean that every decision is a good one.
EDIT: As Abe Lincoln is quoted:
You can fool all the people some of the time and some of the people all the time, but you cannot fool all the people all the time.
Well, I guess there's a little bit of hope there ...
EDIT2: Can't believe I forgot this part:
Most nations use a republican form of government, where people choose the best of them (or the best person running) to deal with these issues. Direct democracy, where the people decide issues directly, is actually not part of the system. The UK has had 3 nationwide referendums and the US none, AFAIK.
There's a good reason for that: The average person has no idea what they're talking about on most issues. They have other jobs and interests, or no interest. Do I want the wisdom of the crowds deciding how the military should be funded and structured, or do I want elected officials who have hearings, a staff of aids, who study the issue and talk to the generals ... egads, I pay a lot of attention to public affairs, but I wouldn't want that responsibility.