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Unformatted text preview: 1-31-08 UPPER CLASS AND POWER ELITE 1. Are All The Powerful Rich & All The Rich Powerful The power elite hold the highest positions in occupations including the military Relationship Between Power and Wealth The Upper-Class and How they Differ to the Rest Of Us Income and Wealth Differences Between The Rich and The Rest Of Us The bottom 90% of us own only 30% of all the wealth in the US The New Rich, The Old Rich, & Celebrity Rich Thorstein Veblen--Theory of the Leisure Class Conspicuous Consumption and Conspicuous Leisure Conspicuous consumption means buying lots of stuff Conspicuous leisure means going off on many vacations or on yachts It Takes Money to Make Money Can Ordinary Folks Make It To The Upper Class? Is there Social Mobility Into the UpperClass? 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Theories of the power elite Make powerful decisions --To what extent is the ruling class also the upper class C. Wright Mills--coined the phrase power elite and also the phrase MilitaryIndustrial Complex --Argues the existence of a unified power elite Domhoff's theory --Agrees with Mills but argues greater link between upper class and the ruling elite --Calls this the Governing Class --Control of governmental policy Dye's Institutional Model --Similarities with Mills and Domhoff --Significant differences from Mills and Domhoff ...
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This note was uploaded on 03/22/2008 for the course ISS 215 taught by Professor Lang during the Spring '06 term at Michigan State University.
- Spring '06