I can see the mechanism you're talking about, but I don't see how you say it is "magnitudes more democratic" except in a deluded fantasy. Democratic implies a majority rule with an equal vote for each citizen.
The fact that the voting mechanism is money instantly grants an overwhelming vote to the top few percent of the most wealthiest citizens. The top 1-2% have more money (and thus more votes) than the rest combined. So they could buy the result they want in any given case, regardless of what the remaining 98-99% of people vote for.
How is that democratic?
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Date: 8/4/11 02:06 (UTC)The fact that the voting mechanism is money instantly grants an overwhelming vote to the top few percent of the most wealthiest citizens. The top 1-2% have more money (and thus more votes) than the rest combined. So they could buy the result they want in any given case, regardless of what the remaining 98-99% of people vote for.
How is that democratic?