Democratic procedures are fine. But one snap voting is silly. This is why more elaborate structures of parliament or senate has been evolved. The last word shall be of well-educated and well-informed. Period.

One of the well-known examples is bailout of AIG. Informed and educated people decided to avoid bankruptcy of the biggest insurance company in the world, no matter what idiots in charge did with CDS. Majority would vote to punish the banksters, as they vote for all the stupid things.