I agree with your problem assessment, but it’s been known since the Greeks that democracy inevitably ends in oligarchy. It’s why the US did not start out as a democracy as the founders knew this as well.
And if you think about it from first principles, of course it’ll end like that. Mass groups of people are easily manipulated by a smaller group. Cambridge analytica is the modern form of this but it’s happened for centuries. You say regulation, but who writes and enforces that regulation? The oligarchs.
This gets uncomfortable when you look inward and start to question “why do I have this idea in my head that democracy is an objective good thing for society”. The same oligarchs benefiting from democracy write the history books, own the media, etc. Elon musk knows exactly what he is doing and is laughing with the other billionaires at us.
No, my reasoning is small groups can easily control large ones. There are tons of books on the failures of democracy throughout history. Here’s one from obamas summer reading list:
I can also dig up the quote from (Socrates I think?) a greek philosopher making the same argument thousands of years ago. Unlimited democracy ends in oligarchy. Look at how easily controlled you are - you didn’t respond to any of my points and simply said “well if everything keeps breaking we can just try again” instead of questioning why things are breaking. You’re carrying weight for billionaires for free.
I agree with your problem assessment, but it’s been known since the Greeks that democracy inevitably ends in oligarchy. It’s why the US did not start out as a democracy as the founders knew this as well.
And if you think about it from first principles, of course it’ll end like that. Mass groups of people are easily manipulated by a smaller group. Cambridge analytica is the modern form of this but it’s happened for centuries. You say regulation, but who writes and enforces that regulation? The oligarchs.
This gets uncomfortable when you look inward and start to question “why do I have this idea in my head that democracy is an objective good thing for society”. The same oligarchs benefiting from democracy write the history books, own the media, etc. Elon musk knows exactly what he is doing and is laughing with the other billionaires at us.