Doublethink about majority rule

Right-thinking people have long said that because markets are not self-regulating, they need regulation by government. When I asked how government is self-regulating, a progressive told me that government is self-regulating because of elections. Apparently, the voting booth is like the Teacher from Star Trek.

Now, however, Salon (and I'm citing that fake-news site for the fact that people are saying something, not for the truth of what is being said) tells us,

Are tens of millions of Americans really this stupid? If the findings from a new ABC News poll are any indication, then the answer is yes....

So where does that leave us?