I don't want that capital though. All it's doing is ossifying the power structures that are the cause of the major problems we are facing. It's a trap.
Sure, democratize capital. Then it will be decided by a few thousand voters in swing states, with “who are you and why should you get to decide” problems that put VC to shame.
A lot of VC capital is democratized: an elected official appointed a pension fund manager who decided to allocate some funds to a particular VC firm.