Power should come with responsibility, transparency, and consequences ..... particularly consequences. We are entitled to get that, but we are too eager to dismiss it and too weak/apathetic/simple and uninformed to expect and demand it. What sort of madness is it to hand unfettered control to, in many cases, less than average ordinary people with no measurable performance expectations or consequences.
We are controlled by clueless underachievers, each and every one of them with secret agendas, answerable to an unknown master, and with egos that outperform their abilities I wish I shared your optimism, along with the smoke and mirror delusion of democracy. Unfortunately, I know better. Maybe after I retire it won't impact me so directly, and I can blissfully shrug my shoulders, and walk the other way.
One very simple analogy to ponder. If you had your entire wealth and the future security of your family invested in your own business would you give every single senior company role to the least qualified or experienced underachievers, who in turn are all chosen by someone else equally unqualified or experienced and you have no say in that, but said appointments are largely influenced by personal favours where owed, or friends of friends. Then on top of that regardless of what they all did to your company or in your company kept their job, remained answerable only to someone other than you who in turn have no consequences, and are all rarely held to account, especially by you .... the best answer you could ever get for a catastrophic company loss is "not my problem" and "I dont remember", and they keep their job. Welcome to the government and democracy as it is dished up to us.