I'm not clear why decentralized governance is an improvement. I can see the advantage of permissionless participation though.

The quickest way to kill an initiative is to create a committee to "investigate". So I'm not sure why decentralized governance would actually achieve anything and be able to handle serious issues or disruptions. Social checks and balances can be manipulated, look at politics today.

Multiple parties doesn't really move along important issues and can actually be used to halt initiatives due to lack of majority vote. In fact, many security protocols are built on the collusion assumption in that it only takes one honest non colluding party to halt a multi party computation.

So why would decentralization help improve governance, when in fact it's used for the opposite?