If algorands governance is based on 1 algo one vote then it’s definately not going to work…
Reason#1 The rich gets to control network
Reason#2 The network would become communist
Reason#3 The network would not have equality amongst people.
Reason#4 The networks decisions would be based on special interest of the selected group of people who hold significant amount of algorand.
Reason#5 The networks future would be pointless and baseless as governance would not have power to issue grants to develop furthermore.