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If you've not read "The Failure of Universal Suffrage", I would recommend it. It shows that the points made by TFM about universal suffrage are not new.
(Parkman, Francis. “The Failure of Universal Suffrage.” The North American Review 127, no. 263 (1878): 1–20. http://www.jstor.org/stable/25100650.)
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Excerpt:
"If the politicians would let him [speaking of the power of democracy personified as "Demos"] alone, Demos would be the exact embodiment of the average intelligence...Yet, supposing that his evil counselors were all exterminated as they deserve, it would avail us little, for he would soon choose others like them..."
(Incidentally, that quote may initially appear quite charitable to the average man, but you realize that it's an indictment of the enfranchised plebian.)
