How would that process be the result of intelligent thought?

Presumably everyone in the chain would have their own idea of what the next word/token should be. They would each try to push it in that direction using their only lever, that single token. None of that guarantees that the output is syntactically correct, nor grammatically correct. Note that LLMs at least by the way they draw their tokens have that pretty much guaranteed. So that would be a regression even from what LLMs are capable of right now. But beyond that, even if it ends up being a correct sentence, it would not be a result of intelligent thought. Even if every agent in the process was intelligent, the process is not itself a use of that intelligence. Human beings can be part of purely mechanical processes, that doesn't make the mechanisms suddenly an exhibition of intelligent thought.

This also applies to society and human history itself as processes: “History is made in such a way that the final result always arises from conflicts between many individual wills, of which each in turn has been made what it is by a host of particular conditions of life. Thus there are innumerable intersecting forces, an infinite series of parallelograms of forces which give rise to one resultant — the historical event. This may again itself be viewed as the product of a power which works as a whole unconsciously and without volition. For what each individual wills is obstructed by everyone else, and what emerges is something that no one willed. Thus history has proceeded hitherto in the manner of a natural process and is essentially subject to the same laws of motion. But from the fact that the wills of individuals — each of whom desires what he is impelled to by his physical constitution and external, in the last resort economic, circumstances (either his own personal circumstances or those of society in general) — do not attain what they want, but are merged into an aggregate mean, a common resultant, it must not be concluded that they are equal to zero. On the contrary, each contributes to the resultant and is to this extent included in it."

https://www.marxists.org/archive/marx/works/1890/letters/90_...

But deciding the next token is not a merely mechanical process. Even if the string of tokens from our swapped out humans ends up being syntactically incorrect, it's due to the combination of intelligently selected tokens. (Presumably intelligent human programmers seem to make syntactic errors)

In short, even in the case of humans, which are universally (by humans) recognized as intelligent, such a process would not exhibit intelligent thought.