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Laissez Faire and general market incentives seem to consolidate high IQ in only a few places though. This is bad: it's having all of your attention on a very narrow range of concerns and problems.
When peasants outcompete elites it means elites have insulated themselves from reality, not that peasants are pound-for-pound better. The natural instinct of elites is to insulate though.
If the state should do anything for social reasons, it should replace natural, insulating feedback loops of incentives with non-insulating but equally strong incentives.
Make the vote, or control of the state, proportional to both intelligence and wealth creation and proximity to areas of importance, imho. If the state is just a sublimated war of all-vs-all at the very least make sure the people winning it are the ones most cued into reality.
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