Is there a better solution?
I don't believe intelligent people are capable of managing other people's lives. I also don't believe unintelligent people are capable of managing other people's lives. This is why I don't believe democracy is a solution to the problems of elitism.
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I'm sure there is but we don't know what it is yet. Markets almost certainly play a role. I honestly think it won't matter as soon as all consciousness is synthetic, because then we can implement second-chance systems like artificial reincarnation.
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Many forms of government have never been tried. Very little like Rothbardian protection agency markets, for instance. Most of what gets positively attributed to democracy is actually the result of constitutional law and the judicial branch acting in accordance with it also.
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