From "The Structure of Power in American Society" by C. Wright Mills
In Mills' class essay, he discusses the increasing centralization of power among individuals within three spheres of American society: politics, military, and economics. This anti-democratic trend places the masses in a passive position so they are reactive rather than active in playing a meaningful role in dictating direction/ policy.
-Within the sphere of economics who comprises the elite? How do they operate as an elite?

Question

Quizplus · Accepted Answer

The Answer is The elite within the sphere of economics comprises of wealthy individuals, corporate executives, and major shareholders who hold significant economic power and influence. They operate as an elite by using their wealth and resources to control and shape economic policies, regulations, and decisions that benefit their own interests and those of their corporations. They often have close ties with government officials and policymakers, allowing them to exert their influence on economic matters and further consolidate their power and wealth. This elite group also has the ability to shape public opinion and manipulate the media to maintain their position of power and privilege within the economic sphere. Their actions and decisions often prioritize their own financial gain over the well-being of the general population, contributing to the increasing centralization of economic power and the erosion of democratic principles within American society.