Why? It will only result in more and harder dictatorship, more direct terror and fear, and even more unhappy society.
Democracy works best when people are easy to manipulate through mass media. Smart people will need to be coerced by force.
Maybe in fact, to a degree this is what already happening. Superior education in China makes democratic transition next to impossible.
Maybe the observation that countries with the best education tend to be authoritarian is not because "dictators are good at educating people" but other way around - because it's a natural selection and if a highly educated country tries to transition to democracy, it either ruins democracy, or education, or country itself.
Any model of governance mainly solves the problem of "how to satisfy interests of the stakeholders - i.e. the elite - without ruining things"; there are many ways to ruin things (even elite itself can bring about it's own downfall), but the one everyone fears most is when people get too angry. Democracy is a good way to shift responsibility back to people itself, thus defusing this threat. But it requires people being sufficiently dumb to bite it.