From my perspective, there is such a thing as "too much democracy." I don't know how to quantify the exact right amount for a given situation.
In the case of companies, a benevolent dictatorship is fine because employees, customers and investors can all exit and find other companies. It's at the nation state level where you need more structural veto points. (Arguably true for towns/counties/states too, but you still have the right to exit so...)
In the case of companies, a benevolent dictatorship is fine because employees, customers and investors can all exit and find other companies. It's at the nation state level where you need more structural veto points. (Arguably true for towns/counties/states too, but you still have the right to exit so...)