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100 people can come to a decision just as fast as one person. But they will not all agree
This!
Yes, but that decision will be 1/100th as informed
Not necessarily. In larger groups, people tend to side with the group, even if they know the group is wrong. If a vocal minority influences the discussion, it can create uninformed decisions even if some should know better.
That's common sense why do you think the executive branch exists instead of having congress and the courts do everything?