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I absolutely agree. I'm frankly not even an especially great fan of "Democracy" as a general concept in the way it is currently practiced by the Western World. It basically revolves entirely around hordes of ignorant louts who can't see six inches beyond their own noses shouting "gimme!" up at government officials, and voting for whichever demagogue looks prettiest on TV and promises to give them the heftiest handout (regardless of whether they actually deliver on it or not).
There should really be some sort mechanism in place to hone the electorate down to (mostly) only those individuals who are actually qualified to intelligently discuss and understand the issues affecting national level policy; a licensing or accrediation process, of sorts.
The issue with that type of process is tha those who are deemed to be qualified tend to ensure they have benifits from the government or restrict the rights of other groups they may not like. This has been seen in the US, the rights of women, blacks (and other minorities) have been restricted during thimes when voting rights have been restricted. Womens rights have been quite restictive in the past, only to expand after they gained the right to vote. How long have african americans rights been restricted, how long have their voting rights been resticted? When did the rights of Blacks start to improve, around the same time as the ability to vote was improved.
In China the people who get to vote on the government (Communist party members of which there are I believe around 6 million perhaps double that, tend to use that power to enrich themselves through the power that they hold. In Russia a nominal democracy it is the same case.
Overall with out the right to an actual meaningfull vote the rights of people can and often will be restricted, it may be specific groups of society that have their rights restricted along with the restrictioin of the right to vote. Or it just might mean that economic benifits will be provided to those with the ability to vote, while government expenditures are removed from areas where people do not vote.
Just because someone might be more informed and knowledgable does not mean they will not take advantage of the system to enrich themselves or hold others down