[quote name='Khaiy' timestamp='1304276694' post='4805148']
It also really doesn't resolve issues of knowing what you're talking about. Currently, we have a mass of voters (half the population in an election with good turnout) who really don't understand many (if any) issues at stake. These voters elect a representative who also doesn't really understand many (if any) issues at stake. These representatives then pass sweeping and binding legislation based on their own feelings and opinions of things that they don't know anything about, at all. My current favorite example of this is Joe Barton saying that wind energy could exacerbate global warming by stopping wind, which is god's way of distributing heat. It doesn't matter what else Joe might know about in governance-- he is still able impact a discussion in which he can spew this nonsense which clearly shows that he doesn't understand a single thing about that discussion.
I'm not necessarily advocating for a technocracy. But I am saying that the "collective wisdom of society" can only have a beneficial policy result if people who know what the hell they're talking about get their way over the multitudes who don't. Otherwise we end up with a huge pool of ignorant people directly altering policy because of anything but relevant and accurate knowledge. How much does the average person know about modern economics? Finance? Law? Chemistry? Ecology? Climatology? Hell, in the US there are a lot of people who have a very weak grasp on civics.
Even if we could resolve the massive logistic challenges of such a system, I think that it would be corrupted and ineffective anyhow.
I actually thought about a solution to this. Simply require voters to take a test of facts where 50% of the questions are from the right and the other 50% are from the left. You can either base the value of their vote on the percentage of correctly answered questions or reject all votes that are below a requirement of correctly answered questions. Either way you effectively solve this problem.
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a 50/50 distribution of who picks the questions only work if you have a 2 party system and a solid education system, 2 party systems are just one step above 1 party systems and aren't really something to strive for.
The point of democracy isn't to have an effective government, its to avoid having a truly bad government, By giving a small intellectual elite more voting power you'll effectivly increase the risk of getting a truly bad government as a far larger number of peoples opinions can be ignored and once the step has been taken to remove or reduce voting rights for some people you can always push it further. (If the bottom 10% of the eligible voters lose their voting rights the top 90% benefit by getting more power for themselves, convincing the top 90% that more power for them is a good thing isn't necessarily that difficult)