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Unformatted text preview: 1995 study showed that the super-rich had gained to almost 40% of all assets but the recent recessions has changed some of the numbersnot the unequal distribution but the numbers is one show that shows the super0rich adjusting while this article lays out some of the income/distribution figures and looks at racial/ethnic divisions as well Wealth creates inheritance Relationship between wealth and power C. Wright Mills studied power in an age (post-WWII) of growing corporitization and found the corporate eliteWilliam Domhoff argues that this group is so powerful that no major political decision can be made without its approval or participation Power is always accompanied by deference the acceptance of inequality people salute commanding officers, for example, or bow before royalty...
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- Fall '10