Class_Notes_2-14 - Class Notes 2-14 Campaign Contributions...

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Class Notes 2-14 Campaign Contributions o Political action committees (PACs) Real estate ($43M) Securities/investment (34.7M) Health professional ($34M) Insurance ($18.8M) General contractor ($15.5M) Commercial bank ($15.4M) Oil and gas ($14.4M) The corporate class o A group of people holding key positions of authority in major corporations o Some criticisms for defining upper class (ruling class) Whether there is a class? Money Status Power Enough unity among rich people? o Corporate class At top of the social stratification Has economic interests in common Enough unity and intraclass organization Has the means to dominate the economy and political system Power of corporate class o Power base Not the ownership of means of production, but the control of major means of production Corporations owned by many people (stockholders) Stockholders are not necessarily in control of the companies Management in control of corporations (managerial-control
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This note was uploaded on 03/19/2008 for the course COM 325 taught by Professor M.braz&s.smith during the Spring '08 term at Michigan State University.

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Class_Notes_2-14 - Class Notes 2-14 Campaign Contributions...

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