Yeah, the randomized ideas of Hayek are pure theory. I prefer pragmatic, tried and tested stuff. The social contract society is what they have in Switzerland ever since the Landsgemeinde was institutionally created in the 1300's and then it bubbled up into stuff like the Optional Referendum (People's Veto Power).
Have you checked the Swiss model? https://thedemocracyupgrade.org/quickguide/#switzerlandandthe7democratictools
Please take a look at and consider these tools. If you want to talk more about I would love to :) always available for conversations!
At this point (pragmatism) you’re completely right! But remember that a pure democracy is already a theory!