A political system where a small number of people, typically wealthy or well-educated, influence political decision-making. This model assumes that elites are best positioned to govern due to their superior knowledge, experience, or resources. An example is the influence of wealthy donors on campaign finance or the reliance on expert committees in policy formulation.
This form of governance offers the potential benefit of efficient and informed policy creation. Elites are believed to possess the skills and knowledge to navigate complex issues, leading to well-considered decisions. Historically, this has been seen in situations where specialists are consulted on technical matters, improving the quality of legislation. However, concerns about potential biases and inequalities arise if elite interests are prioritized over those of the broader population.