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The thing is, the population as a whole takes rather short-sighted decision. If lowering all taxes on the spot was to be voted by the entire population, I'm pretty sure it would pass.
Elected governments, knowing better, have more far-sighted policies.
So in this sense, a government can work "agaisnt the will" of its electors, for their own good.
Isn't a good example of this California? Being a Canadian, I MIGHT be talking nonsense on that, but I think it's one of the strongest democracy, as in, the population itself has a lot of powers? And isn't it THE most in-debted state, by far?
I don't think democracy is wrong.. but the people can be.
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