While "we the people" see the costs as far outweighing the benefits, we're also not the ones that have to make decisions that will inevitably be criticized left and right no matter what they are. (Also despite popular belief, no one is capable of being the perfect politician.) We all see through biased eyes.
If by "biased", you mean "pro-democratic" and "pro-freedom", then, yes.
0.0014% of Londoners [..] greater than a 1 in 1000 chance
there is a 0.0000034% chance [..] That’s a 1 in 285,000 chance.
A man is known by the company he organizes. -- Ambrose Bierce