News-Record.com

The answer to that headline question is "probably," according to the book "Just How Stupid Are We?", which was reviewed by Salon.Com:

Stated this baldly, Shenkman's thesis has the sting of novelty, but in its rough outlines, it's no different from what Alexander Hamilton was arguing more than 200 years ago. Indeed, as Shenkman usefully reminds us, our constitutional history betrays from the very start "a constant tension between faith in The People and contempt for them." Madison and Jefferson may have talked a good game, but many of the Founding Fathers lived in terror of mob rule, which is why, under the original Constitution, only the House of Representatives could be directly elected.

[snip]

At any rate, representative democracy is a hard genie to put back in the bottle. As Shenkman admits, with more than a touch of rue, "We cannot fire the American people." He holds out hope, however, that we can downsize them. Among the bizarre trial balloons he lofts for enhancing political discourse are requiring voters to pass civics tests (shades of the Jim Crow literacy tests), letting state legislatures once again choose senators, and restoring the Electoral College's historic autonomy in electing presidents.

Because letting a group of select insiders make decisions about who should hold more power usually turns out to be a corruption-free bargain made on its merits, right?