That's how democracy actually works. It has been shown that powerful stakeholders are who legislatures serve, while relatively stakeless civilians are ignored. Plutocracies, like Hive, only less obscure that reality with rhetoric by directly weighting votes with stake, while Democracies make pretense voting prevents stake from directly controlling governance.
Hive enables stake to exert that control on chain, while non-stake weighted voting would require that control to exert it's influence off chain. It is not possible to prevent off chain discussions of Hive governance AFAIK, and I believe on chain execution of governance is preferable because it is overt, while off chain execution of governance is covert, which massively encourages fraud.
True