I don't talk about the CSM that often. It's not out of any specifically strong feelings. In fact, I've recommended that folks vote for CSM in the past, and mentioned how important I thought it was. But I typically don't follow their exploits with bated breath, or even read CSM summary posts by other bloggers.
Part of that is my firm believe that we as a society apply democracy a bit too liberally. Not everything needs or deserves a vote. Sure, I think it's the finest system in the world for organizing a government for citizens who are location-locked into a specific country. The key, though, is that everyone involved in that country and in that democratic system has equal amounts vested into the success of the enterprise, and equal amounts to lose if they get it wrong. Democracy needs seriousness and a deep familiarity and awareness of the issues, as well as no readily available and easy-to-access escape plan.
That said, it's a terrible idea for a lot of other things. While you may take your kids' feelings into account, you make decisions about them bilaterally (or unilaterally in single-parent homes). They don't get a vote, because they don't have the context and knowledge necessary to make an educated decision. Nor do you give airplane passengers a vote on the route the pilot should take.
When all parties aren't equally vested, you also don't utilize democracy. My mother wants to redesign her living room. I used to live in that house, and have somewhat of an interest in keeping it looking good. I also want her to eventually move out to where my family is located now, and I want to keep the house in good repair for them to sell it at a profit. But while I am slightly vested in how the living room looks, she's the one who owns the house, and she's living in it day-in and day-out. Her level of vestment is much higher than mine. It'd be ludicrous of her to give me an equal democratic vote with her in how the living room looks. Nor am I going to make career decisions because two of my friends - outnumbering me - feel I should.
Then, there's the "bail option". When you're tied to the success or failure of an endeavor, you'll take it much more seriously than when you're passing through. I shouldn't have an equal vote as a hotel owner about how their room looks. I have to live there for one night; that hotel owner's very livelihood depends upon making design decisions that ensure profitability for decades, potentially. She's not going to let my wife and I out-vote her about how her hotel is designed.
Along the same lines, democracy is a ludicrous method for a gaming company to choose a trusted user group.