Wikis as the ultimate democracy?

This weeks lecture topic: Blogs, Wikis, and Social Computing

I was doing a bit of casual digging (yes, I am aware of the irony) and came across this statement - "Allowing everyday users to create and edit any page in a Web site is exciting in that it encourages democratic use of the Web..."

Not to be pigeonholed into a single opinion I also wound up reading:

Governance, Organization, and Democracy on the Internet: The Iron Law and the

Evolution of Wikipedia ( Piotr Konieczny, Sociological Forum, Vol. 24, No. 1, March 2009  DOI :10.1111/j.1573-7861.2008.01090.x)

In addition to learning about  Robert Michels, I think my favorite actual term discussed for a wiki is actually  "adhocracy".

I'm not sure that I totally buy democracy though... I need to do more digging.