True Rule By The People For The People

Abe Lincoln believed that democracy stood for "rule for the people, by the people". So instead of vesting power in a small group of people, who can easily be bribed, threatened or tempted into making decisions which are not truly in the best interests of the majority, why not develop a quick, convenient yet sophisticated referendum-style electronic voting system wherein all people may vote directly on each major issue, having been given just the facts and without opportunity for propaganda spin?