Ethereum

Take one look at the federal government or the major political parties and tell me again how bad at governance DAOs are 🙃

Tell me again how *token-based voting* is bad 

DAOs might work in some iteration

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voting quagmire is better than effective malevolence, yes

It’s debatable whether you’d want them to be efficient though since they’d be up against half the country.

Yes and No. 
Both have good and bad parts. 
It would be interesting to devise some kind of ideal mashup of models. 
That said, some governments are very efficient eg Singapore. 
Generally, politics get in the way of efficiency if that’s the goal. Sometimes consensus is more important. 
But it’s a good observation.