SOCA01H3 Lecture Notes - Lecture 12: The Power Elite, Elite, Market Basket
Document Summary
Growth large-scale organizations: iron law of oligarchy", elites at top of powerful institutions. Political system is not very open they"ve all gone to either harvard, yale or princeton. Economic minority is open, people make it on their own, majority is. Entertainment pretty open, but there is inheritance. Elite power: pluralist model (focus son pluralistic and power for exam) Elites have different interests: get shifting coalitions, power is dispersed, ex. agricultural and environmental elites, john porter, vertical mosaic. Assumes elites have similar interests: coordinate actions, power is concentrated. A ruling conspiracy (or class: c. w. Mills, the power elite: more than half of us budget goes towards military. Affect tax structure: % federal income tax. Government bails out major banks too big to fail" if major banks failed, other banks would fail too. Jp morgan chase largest bank in us. Perhaps only temporary coalitions: may be similar, but interests vary by command post, need evidence from.
