• Although I do think that a referendum is one of the few fundamentally democratic process around / possible with large populations.

    I'm not sure that I agree. It is a democratic process, no doubt, but no more so than PR, FPTP, or any other democratic process and / or system.

    My point is that democracy can be defined so as to fit your own argument, and held to be an end in itself, rendering that argument somewhat unsubstantive.

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