Speculators continually enter and abandon the market. Without adding information to the system, they just add volatility without driving the price in any direct

Speculators continually enter and abandon the market. Without adding information to the system, they just add volatility without driving the price in any direction. The price is thus the sum of people that know or believe something, weighted by the resources the have to bear. I'm not sure I understand why you need or want the price to be "democratic"? What problem are you trying to solve here?