Groups are smart. Think about open source methods for developing everything from software to marketing. Free markets function based on the wisdom of crowds. Ideally, democracy works the same way.
The wisdom and the failures of democracy are the same as the wisdom and failures of crowds. Problems in decision making arise when an electorate is too homogeneous, centralized and imitative etc... Eliminate those problems and we would always get "the best of all possible" outcomes (as Voltaire might chide Leibniz).
Just as a hypothetical, if a magic wand could be waved and everyone were mandated to go buy their local newspaper, that would ameliorate the homogenizing effect of large circulation news.
The book "The Wisdom of Crowds" was an eye opener for me and I recommend it.
http://www.amazon.com/Wisdom-Crowds-James-Surowiecki/dp/0385721706
http://en.wikipedia.org/wiki/The_Wisdom_of_Crowds
The wisdom and the failures of democracy are the same as the wisdom and failures of crowds. Problems in decision making arise when an electorate is too homogeneous, centralized and imitative etc... Eliminate those problems and we would always get "the best of all possible" outcomes (as Voltaire might chide Leibniz).
Just as a hypothetical, if a magic wand could be waved and everyone were mandated to go buy their local newspaper, that would ameliorate the homogenizing effect of large circulation news.
The book "The Wisdom of Crowds" was an eye opener for me and I recommend it.
http://www.amazon.com/Wisdom-Crowds-James-Surowiecki/dp/0385721706
http://en.wikipedia.org/wiki/The_Wisdom_of_Crowds