Earlier quoted context omitted.
Exactly, this is why extending scope of democracy (workplace democracy, more decentralization, liquid democracy, direct democracy etc) is important, intellectual/political/economic/corporate elites with power however much "enlightened" they are , without having skin in the game lead to disastrous policies. One person, One vote is the least flawed way to gather signal from actual people who have skin in the game.
Direct democracy is still pretty awful though, especially for anyone who falls into any kind of true numerical minority category: https://en.wikipedia.org/wiki/Tyranny_of_the_majority .
That's a generalization its opponents make, but it isn't true.
In most places where it was practiced (ancient Athens, short-lived anarchist areas in Spain, egalitarian communities, etc.) it was shown to be more benevolent and inclusive to "true numerical minorities" than most representative democracies. Heck, the US had segregation in practice up to the 70s, with blacks being a 20% or so of the population (and more in some areas), and gays were persecuted throwout Europe representative democracy or not.
Even more, the most horrid persecutions of minorities have happened under elected representatives (like Hitler), or authoritarian regimes (e.g. Stalin), as opposed to any "direct democracy".
It's indicative that the arguments in the lemma ( https://en.wikipedia.org/wiki/Tyranny_of_the_majority ) are contrived though experiments and not historical examples.
There's no "tyranny of the majority" that's inherent in direct democracy, any more so than it is in representative "democracy". The tyranny lies in an orthogonal axis (namely: the prevalent passions and ideologies of the era), and can be applied regardless of direct or representative democracy.