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The role of elites in influencing institutions is crucial from "summary" of Why Nations Fail by Daron Acemoglu,James A. Robinson
Elites play a pivotal role in shaping the institutions of a society. Their power and influence are not just confined to economic matters but extend to political and social realms as well. Elites possess the resources and connections that enable them to sway the direction of institutions in their favor, often at the expense of the broader population. In many cases, elites use their influence to create and maintain extractive institutions that serve to concentrate wealth and power in their hands. These institutions are designed to benefit a small elite at the expense of the majority, stifling economic growth and perpetuating inequality. By controlling the rules of the game, elites can ensure that they remain in a position of privilege and authorit...
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