<Tr> <Td> </Td> <Td> This section does not cite any sources . Please help improve this section by adding citations to reliable sources . Unsourced material may be challenged and removed . (January 2018) (Learn how and when to remove this template message) </Td> </Tr> <P> The aristocratic version of this theory is the classical elite theory, which is based on two ideas: </P> <Ol> <Li> Power lies in position of authority in key economic and political institutions . </Li> <Li> The psychological difference that sets elites apart is that they have personal resources, for instance intelligence and skills, and a vested interest in the government; while the rest are incompetent and do not have the capabilities of governing themselves, the elite are resourceful and strive to make the government work . For in reality, the elite would have the most to lose in a failed state . </Li> </Ol> <Li> Power lies in position of authority in key economic and political institutions . </Li>

Who holds the power according to the pluralist theory