Elitocracy is more unstable then democracy. Don't restrict voting based on literacy

Although it sounds fancy (elitist), elitocracy is much more unstable than democracy, as a form of government. 

The main reasons for which we support democracy: 

• more equitable distribution of wealth, privileges and justice; 
• more stable on the long term (less prone to atrocities or war).

But a lot of intellectuals believe that elites would make a better government, and would take better decisions.

Some elitists believe that government should be formed directly from elites (usually intellectual elites). 

Some moderates believe that only elites should have the right to vote. 

Some even more moderates want minimum thresholds for voter rights, e.g. literacy tests.

I should note, there are studies that show that intelligent people are not necessarily better leaders. A good leader has a mix of social skills (EQ), IQ, network, and even compassion.

But the bigger problem is that all forms of elitocracy are easier to abuse.

Elitocracy tends to turn into oligarchy (which almost always then becomes a dictatorship). 

Because the question is: who decides who has the right to vote? 

And this question becomes: how do we make sure "our people" have the right to vote? 

Where “our people” means our relatives, our children, our friends, those with the same background, who live on our street, went to the same schools, work with us, invest in the same companies, our investors, suppliers and clients.

And then, it's a simple recipe to allow only "our people"  to vote: you use your initial political majority to pass favorable laws (for large groups), and apply exceptions (for small groups).

And your majority becomes stronger and stronger, and you eliminate more and more voters from participating.

In the past, they used voter registration based on property ownership. This sounds obsolete, so we'll just skip it.

But a significant number of smart people want to implement voter registration by literacy. Which might sound reasonable, right? 

Well, first of all, you just excluded poor and isolated communities from voting. Which in democracies is typically considered discrimination. 

Then, you need to apply exceptions. So you apply criteria such as proof of birth, or proof of residence, and at the same time, you make it much more difficult for certain categories to register, or obtain papers. 

And then, you apply even stronger exceptions. So you can implement grandfather laws.

So, although it sounds fancy (elitist), elitocracy is much more unstable than democracy. 

It tends to be abused, becomes oligarchy, and then autocracy.