Ok, so why do we accept that companies are run like autocracies, but we expect that societies are run like democracies? If we say that employees should be smar

Ok, so why do we accept that companies are run like autocracies, but we expect that societies are run like democracies? If we say that employees should be smart enough to autonomously do their jobs well, wouldn't their collective intelligence be better at running the business in its entirety? Why isn't it smarter and more financially sound to run a business like a democracy?