Ran across a very interesting data point yesterday. The average human brain has shrunk 200 cc over the last 30,000 years. In other words, we are a little dumber than we were earlier.
The arguments as to why that might be happening include such ideas as "we are domesticating ourselves by killing off the bastards who take advantage of the rest of us". That fits with another data point that the Guns, Germs, & Steel author made: that the headhunters of New Guinea were some of the smartest people he had every run into.
Individual intellegence is most valuable when we are in a hunter/gatherer society. In that situation, it is "each person for him/herself against nature" and those with higher intellegence will do better.
However, once we have a more complex society, the ability to work with other people is more important. Together, we can get a more intellegent response to nature than any one genius can do on his own.