Either (most) people are stupid and they need to be protected for their own good - in which case we have the problem that the same people are nevertheless someh

Either (most) people are stupid and they need to be protected for their own good - in which case we have the problem that the same people are nevertheless somehow capable to democratically choose their representatives. Or (most) people are fine taking more risks than you would like them to, and - because you believe you know better - you want to prevent them from doing so.