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The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject.(July 2023) |
In political and sociological theory, the elite (French: élite, from Latin: eligere, to select or to sort out) are a small group of powerful people who hold a disproportionate amount of wealth, privilege, political power, or skill in a group. Defined by the Cambridge Dictionary, the "elite" are "the richest, most powerful, best-educated, or best-trained group in a society".
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American sociologist C. Wright Mills states that members of the elite accept their fellows' position of importance in society. "As a rule, 'they accept one another, understand one another, marry one another, tend to work, and to think, if not together at least alike'." It is a well-regulated existence where education plays a critical role.
Plantations
As European settlers began to colonize the Americas in the 16th and 17th centuries, they quickly realized the economic potential of growing cash crops which were in high demand in Europe. Owned by the planter class, plantations, large-scale farms where large numbers of enslaved Africans were held captive and forced to produce crops to create wealth for a white elite, emerged. According to the London School of Economics (LSE):
"The dominant elite in the South before the Civil War were the wealthy landowners who held people in slavery, the so-called "planter class". Their influence in politics before the war can best be illustrated by highlighting that of the 15 presidents before Abraham Lincoln, eight held people as slaves while in office."
While the Civil War ended slavery, the former planter class kept control over their land, and thus, they also remained politically influential. As stated by the LSE, "this persistence in "de facto power" in turn allowed them to block economic reforms, disenfranchise Black voters, and restrict the mobility of workers."
United States universities
Youthful upper-class members attend prominent preparatory schools, which open doors to elite universities, known as the Ivy League, which includes Harvard University, Yale University, Columbia University and Princeton University (among others), and the universities' respective highly exclusive clubs, such as the Harvard Club of Boston. These memberships in turn pave the way to the prominent social clubs located in major cities and serve as sites for important business contacts.
Elitist privilege
According to Mills, men receive the education necessary for elitist privilege to obtain their background and contacts, allowing them to enter three branches of the power elite, which are:
- Political leadership: Mills contended that since the end of World War II, corporate leaders had become more prominent in the political process, with a decline in central decision-making for professional politicians.
- Military Circle: In Mills' time a heightened concern about warfare existed, making top military leaders and such issues as defense funding and personnel recruitment very important. Most prominent corporate leaders and politicians[who?] were strong proponents of military spending.[when?]
- Corporate elite: According to Mills, in the 1950s when the military emphasis was pronounced, it was corporate leaders working with prominent military officers who dominated the development of policies. These two groups tended to be mutually supportive.
According to Mills, the governing elite in the United States primarily draws its members from political leaders, including the president, and a handful of key cabinet members, as well as close advisers, major corporate owners and directors, and high-ranking military officers. These groups overlap and elites tend to circulate from one sector to another, consolidating power in the process.
Unlike the ruling class, a social formation based on heritage and social ties, the power elite is characterized by the organizational structures through which its wealth is acquired. According to Mills, the power elite rose from "the managerial reorganization of the propertied classes into the more or less unified stratum of the corporate rich". In G. William Domhoff’s sociology textbooks, Who Rules America? editions, he further clarified the differences in the two terms: "The upper class as a whole does not do the ruling. Instead, class rule is manifested through the activities of a wide variety of organizations and institutions...Leaders within the upper class join with high-level employees in the organizations they control to make up what will be called the power elite".
The Marxist theoretician Nikolai Bukharin anticipated the elite theory in his 1929 work, Imperialism and World Economy: "present-day state power is nothing but an entrepreneurs' company of tremendous power, headed even by the same persons that occupy the leading positions in the banking and syndicate offices".
Power elite
The power elite is a term used by Mills to describe a relatively small, loosely connected group of individuals who dominate American policymaking. This group includes bureaucratic, corporate, intellectual, military, media, and government elites who control the principal institutions in the United States and whose opinions and actions influence the decisions of the policymakers. The basis for membership of a power elite is institutional power, namely an influential position within a prominent private or public organization. A study of the French corporate elite has shown that social class continues to hold sway in determining who joins this elite group, with those from the upper-middle class tending to dominate. Another study (published in 2002) of power elites in the United States during the administration of President George W. Bush (in office from 2001 to 2009) identified 7,314 institutional positions of power encompassing 5,778 individuals. A later study of U.S. society noted demographic characteristics of this elite group as follows: [citation needed]
- Age
- Corporate leaders aged about 60; heads of foundations, law, education, and civic organizations aged around 62; government employees aged about 56.
- Gender
- Men contribute roughly 80% in the political realm, whereas women contribute roughly only 20% in the political realm. In the economic denomination, as of October 2017[update], only 32 (6.4%) of the Fortune 500 CEOs are women.
- Ethnicity
- In the US, White Anglo-Saxons dominate in the power elite.[citation needed] While Protestants represent about 80% of the top business leaders,[citation needed] about 54% of the members of Congress of any ethnicity are also Protestant. As of October 2017[update], only 4 (0.8%) of the Fortune 500 CEOs are African American. In similarly low proportions, as of October 2017[update], 10 (2%) of the Fortune 500 CEOs are Latino, and 10 (2%) are Asian.
- Education
- Nearly all the leaders have a college education, with almost half graduating with advanced degrees. About 54% of the big-business leaders, and 42% of the government elite graduated from just 12 prestigious universities with large endowments.
- Social clubs
- Most holders of top positions in the power elite possess exclusive membership to one or more social clubs. About a third belong to a small number of especially prestigious clubs in major cities like London, New York City, Chicago, Boston, and Washington, D.C.
Impacts on economy
In the 1970s an organized set of policies promoted reduced taxes, especially for the wealthy, and a steady erosion of the welfare safety net. Starting with legislation in the 1980s, the wealthy banking community successfully lobbied for reduced regulation. The wide range of financial and social capital accessible to the power elite gives their members heavy influence in economic and political decision making, allowing them to move toward attaining desired outcomes. Sociologist Christopher Doob gives a hypothetical alternative, stating that these elite individuals would consider themselves the overseers of the national economy. Also appreciating that it is not only a moral, but a practical necessity to focus beyond their group interests. Doing so would hopefully alleviate various destructive conditions affecting large numbers of less affluent citizens.
Global politics and hegemony
Mills determined that there is an "inner core" of the power elite involving individuals that are able to move from one seat of institutional power to another. They, therefore, have a wide range of knowledge and interests in many influential organizations, and are, as Mills describes, "professional go-betweens of economic, political, and military affairs". Relentless expansion of capitalism and the globalizing of economic and military power bind leaders of the power elite into complex relationships with nation states that generate global-scale class divisions. Sociologist Manuel Castells writes in The Rise of the Network Society that contemporary globalization does not mean that "everything in the global economy is global". So, a global economy becomes characterized by fundamental social inequalities with respect to the "level of integration, competitive potential and share of the benefits from economic growth". Castells cites a kind of "double movement" where on one hand, "valuable segments of territories and people" become "linked in the global networks of value making and wealth appropriation", while, on the other, "everything and everyone" that is not valued by established networks gets "switched off...and ultimately discarded". These evolutions have also led many social scientists to explore empirically the possible emergence of a new transnational and cohesive social class at the top of the social ladder: a global elite. But, the wide-ranging effects of global capitalism ultimately affect everyone on the planet, as economies around the world come to depend on the functioning of global financial markets, technologies, trade and labor.
See also
- Alpha (ethology)
- Boston Brahmin
- Bourgeoisie
- Cabal
- Conflict theories
- Elite overproduction
- Elite theory
- Elitism
- International Debutante Ball
- Invisible Class Empire
- Jet set
- Liberal elite
- Plutocracy
- Political class
- The Establishment
- The powers that be
References
- "ELITE | definition of the cambridge dictionary". Cambridge Dictionary. Archived from the original on 3 January 2023. Retrieved 29 April 2024.
- Doob, Christopher (2013). Social Inequality and Social Stratification in US Society. Pearson Education Inc. p. 18. ISBN 978-0-205-79241-2.
- Doob, Christopher (2013). Social Inequality and Social Stratification in US Society. Upper Saddle River, New Jersey: Pearson Education Inc. p. 38. ISBN 978-0-205-79241-2.
- Mills, Charles W. The Power Elite. pp. 4–5.
- Guelzo, Allen C. (2012). Fateful Lightning: A New History of the Civil War and Reconstruction. New York: Oxford University Press. pp. 33–36. ISBN 978-0-19-984328-2.
- "Enslavers dominated Southern politics long after the Civil War ended". LSE. Retrieved November 6, 2024.
- Mills, Charles W. (1956). The Power Elite. New York, Oxford University Press. pp. 63–67.
- Doob, Christopher (2013). Social Inequality and Social Stratification in US Society. Upper Saddle River, New Jersey: Pearson Education Inc. p. 39. ISBN 978-0-205-79241-2.
- Mills, Charles W. (1956). The Power Elite. New York, Oxford University Press. pp. 274–276.
- Powell, Jason L.; Chamberlain, John M. (2007). "Power elite". In Ritzer, George; Ryan, J. Michael (eds.). The Concise Encyclopedia of Sociology. John Wiley & Sons. p. 466. ISBN 978-1-4051-8353-6.
- Powell, Jason L. (2007) "power elite" in George Ritzer (ed.) The Blackwell Encyclopedia of Sociology, Blackwell Publishing, 2007, pp. 3602-3603
- Mills, Charles W. The Power Elite, p 147.
- Domhoff, William G, Who Rules America Now? (1997), p. 2.
- Bukharin, Nikolai. Imperialism and World Economy (1929)
- power elite. (n.d.). The American Heritage® New Dictionary of Cultural Literacy, Third Edition. Retrieved January 18, 2015, from Dictionary.com website: http://dictionary.reference.com/browse/power%20elite
- Maclean, Mairi; Harvey, Charles; Kling, Gerhard (2014-06-01). "Pathways to Power: Class, Hyper-Agency and the French Corporate Elite" (PDF). Organization Studies. 35 (6): 825–855. doi:10.1177/0170840613509919. ISSN 0170-8406. S2CID 145716192.
- Dye, Thomas (2002). Who's Running America? The Bush Restoration, 7th edition. Prentice Hall. ISBN 9780130974624.
- "Fortune 500 list". Fortune. Retrieved 14 November 2017.
- "Faith on the Hill". 4 January 2021.
- Doob, Christopher (2012). Social Inequality and Social Stratification in U.S. Society. Upper Saddle River, New Jersey: Pearson Education. p. 42.
- Jenkins & Eckert 2000
- Francis 2007
- Mills, Charles W. The Power Elite, p 288.
- Castells, Manuel (1996). The Rise of the Network Society. Malden, MA: Blackwell Publishers Ltd. p. 101. ISBN 978-1557866172.
- Castells, Manuel (1996). The Rise of the Network Society. Malden, MA: Blackwell Publishers Ltd. p. 108. ISBN 978-1557866172.
- Cousin, Bruno; Chauvin, Sébastien (2021). "Is there a global super-bourgeoisie?". Sociology Compass. 15 (6): e12883. doi:10.1111/soc4.12883. ISSN 1751-9020. S2CID 234861167.
Further reading
- Ansell, Ben W.; Samuels, David J. (2015). Inequality and Democratization : An Elite-Competition Approach. New York: Cambridge University Press. ISBN 9780521168793. OCLC 900952620.
- Heinrich Best, Ronald Gebauer & Axel Salheiser (Eds.): Political and Functional Elites in Post-Socialist Transformation: Central and East Europe since 1989/90. Historical Social Research 37 (2), Special Issue, 2012.
- Cousin, Bruno & Sébastien Chauvin (2021). "Is there a global super-bourgeoisie?" Sociology Compass 15 (6): 1–15.
- Cousin, Bruno, Shamus Khan & Ashley Mears (2018). "Theoretical and methodological pathways for research on elites" Socio-Economic Review 16 (2): 225-249.
- Osnos, Evan, "Ruling-Class Rules: How to thrive in the power elite – while declaring it your enemy", The New Yorker, 29 January 2024, pp. 18–23. "In the nineteen-twenties... American elites, some of whom feared a Bolshevik revolution, consented to reform... Under Franklin D. Roosevelt... the U.S. raised taxes, took steps to protect unions, and established a minimum wage. The costs, [Peter] Turchin writes, 'were borne by the American ruling class.'... Between the nineteen-thirties and the nineteen-seventies, a period that scholars call the Great Compression, economic equality narrowed, except among Black Americans... But by the nineteen-eighties the Great Compression was over. As the rich grew richer than ever, they sought to turn their money into political power; spending on politics soared." (p. 22.) "[N]o democracy can function well if people are unwilling to lose power – if a generation of leaders... becomes so entrenched that it ages into gerontocracy; if one of two major parties denies the arithmetic of elections; if a cohort of the ruling class loses status that it once enjoyed and sets out to salvage it." (p. 23.)
- Jan Pakulski, Heinrich Best, Verona Christmas-Best & Ursula Hoffmann-Lange (Eds.): Elite Foundations of Social Theory and Politics. Historical Social Research 37 (1), Special Issue, 2012.
- Dogan, Mattei (2003). Elite configurations at the apex of power. BRILL. ISBN 978-90-04-12808-8.
- Domhoff, G. William (1990). The power elite and the state: how policy is made in America. Transaction Publishers. ISBN 978-0-202-30373-4.
- Hartmann, Michael (2007). The sociology of elites. Taylor & Francis. ISBN 978-0-415-41197-4.
- Jenkins, J. Craig; Eckert, Craig M. (2000). "The Right Turn in Economic Policy: Business Elites and the New Conservative Economics". Sociological Forum. 15 (2): 307–338. doi:10.1023/A:1007573625240. JSTOR 684818. S2CID 141188855.
- Rothkopf, David (2009). Superclass: The Global Power Elite and the World They Are Making. Macmillan. ISBN 978-0-374-53161-4.
- Scott, John, ed. (1990). The Sociology of Elites: The study of elites. Edward Elgar. ISBN 978-1-85278-390-7.
- Francis, David (2007). "Government Regulation Stages a Comeback". Christian Scientist Monitor: 14. Retrieved 5 December 2012.
The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject You may improve this article discuss the issue on the talk page or create a new article as appropriate July 2023 Learn how and when to remove this message In political and sociological theory the elite French elite from Latin eligere to select or to sort out are a small group of powerful people who hold a disproportionate amount of wealth privilege political power or skill in a group Defined by the Cambridge Dictionary the elite are the richest most powerful best educated or best trained group in a society Political cartoon from October 1884 showing wealthy plutocrats feasting at a table while a poor family begs beneath American sociologist C Wright Mills states that members of the elite accept their fellows position of importance in society As a rule they accept one another understand one another marry one another tend to work and to think if not together at least alike It is a well regulated existence where education plays a critical role PlantationsPlantations such as Monticello owned by Thomas Jefferson produced wealth for the white elite planter class As European settlers began to colonize the Americas in the 16th and 17th centuries they quickly realized the economic potential of growing cash crops which were in high demand in Europe Owned by the planter class plantations large scale farms where large numbers of enslaved Africans were held captive and forced to produce crops to create wealth for a white elite emerged According to the London School of Economics LSE The dominant elite in the South before the Civil War were the wealthy landowners who held people in slavery the so called planter class Their influence in politics before the war can best be illustrated by highlighting that of the 15 presidents before Abraham Lincoln eight held people as slaves while in office While the Civil War ended slavery the former planter class kept control over their land and thus they also remained politically influential As stated by the LSE this persistence in de facto power in turn allowed them to block economic reforms disenfranchise Black voters and restrict the mobility of workers United States universitiesYouthful upper class members attend prominent preparatory schools which open doors to elite universities known as the Ivy League which includes Harvard University Yale University Columbia University and Princeton University among others and the universities respective highly exclusive clubs such as the Harvard Club of Boston These memberships in turn pave the way to the prominent social clubs located in major cities and serve as sites for important business contacts Elitist privilegeAccording to Mills men receive the education necessary for elitist privilege to obtain their background and contacts allowing them to enter three branches of the power elite which are Political leadership Mills contended that since the end of World War II corporate leaders had become more prominent in the political process with a decline in central decision making for professional politicians Military Circle In Mills time a heightened concern about warfare existed making top military leaders and such issues as defense funding and personnel recruitment very important Most prominent corporate leaders and politicians who were strong proponents of military spending when Corporate elite According to Mills in the 1950s when the military emphasis was pronounced it was corporate leaders working with prominent military officers who dominated the development of policies These two groups tended to be mutually supportive According to Mills the governing elite in the United States primarily draws its members from political leaders including the president and a handful of key cabinet members as well as close advisers major corporate owners and directors and high ranking military officers These groups overlap and elites tend to circulate from one sector to another consolidating power in the process Unlike the ruling class a social formation based on heritage and social ties the power elite is characterized by the organizational structures through which its wealth is acquired According to Mills the power elite rose from the managerial reorganization of the propertied classes into the more or less unified stratum of the corporate rich In G William Domhoff s sociology textbooks Who Rules America editions he further clarified the differences in the two terms The upper class as a whole does not do the ruling Instead class rule is manifested through the activities of a wide variety of organizations and institutions Leaders within the upper class join with high level employees in the organizations they control to make up what will be called the power elite The Marxist theoretician Nikolai Bukharin anticipated the elite theory in his 1929 work Imperialism and World Economy present day state power is nothing but an entrepreneurs company of tremendous power headed even by the same persons that occupy the leading positions in the banking and syndicate offices Power eliteThe power elite is a term used by Mills to describe a relatively small loosely connected group of individuals who dominate American policymaking This group includes bureaucratic corporate intellectual military media and government elites who control the principal institutions in the United States and whose opinions and actions influence the decisions of the policymakers The basis for membership of a power elite is institutional power namely an influential position within a prominent private or public organization A study of the French corporate elite has shown that social class continues to hold sway in determining who joins this elite group with those from the upper middle class tending to dominate Another study published in 2002 of power elites in the United States during the administration of President George W Bush in office from 2001 to 2009 identified 7 314 institutional positions of power encompassing 5 778 individuals A later study of U S society noted demographic characteristics of this elite group as follows citation needed Age Corporate leaders aged about 60 heads of foundations law education and civic organizations aged around 62 government employees aged about 56 Gender Men contribute roughly 80 in the political realm whereas women contribute roughly only 20 in the political realm In the economic denomination as of October 2017 update only 32 6 4 of the Fortune 500 CEOs are women Ethnicity In the US White Anglo Saxons dominate in the power elite citation needed While Protestants represent about 80 of the top business leaders citation needed about 54 of the members of Congress of any ethnicity are also Protestant As of October 2017 update only 4 0 8 of the Fortune 500 CEOs are African American In similarly low proportions as of October 2017 update 10 2 of the Fortune 500 CEOs are Latino and 10 2 are Asian Education Nearly all the leaders have a college education with almost half graduating with advanced degrees About 54 of the big business leaders and 42 of the government elite graduated from just 12 prestigious universities with large endowments Social clubs Most holders of top positions in the power elite possess exclusive membership to one or more social clubs About a third belong to a small number of especially prestigious clubs in major cities like London New York City Chicago Boston and Washington D C Impacts on economyIn the 1970s an organized set of policies promoted reduced taxes especially for the wealthy and a steady erosion of the welfare safety net Starting with legislation in the 1980s the wealthy banking community successfully lobbied for reduced regulation The wide range of financial and social capital accessible to the power elite gives their members heavy influence in economic and political decision making allowing them to move toward attaining desired outcomes Sociologist Christopher Doob gives a hypothetical alternative stating that these elite individuals would consider themselves the overseers of the national economy Also appreciating that it is not only a moral but a practical necessity to focus beyond their group interests Doing so would hopefully alleviate various destructive conditions affecting large numbers of less affluent citizens Global politics and hegemonyMills determined that there is an inner core of the power elite involving individuals that are able to move from one seat of institutional power to another They therefore have a wide range of knowledge and interests in many influential organizations and are as Mills describes professional go betweens of economic political and military affairs Relentless expansion of capitalism and the globalizing of economic and military power bind leaders of the power elite into complex relationships with nation states that generate global scale class divisions Sociologist Manuel Castells writes in The Rise of the Network Society that contemporary globalization does not mean that everything in the global economy is global So a global economy becomes characterized by fundamental social inequalities with respect to the level of integration competitive potential and share of the benefits from economic growth Castells cites a kind of double movement where on one hand valuable segments of territories and people become linked in the global networks of value making and wealth appropriation while on the other everything and everyone that is not valued by established networks gets switched off and ultimately discarded These evolutions have also led many social scientists to explore empirically the possible emergence of a new transnational and cohesive social class at the top of the social ladder a global elite But the wide ranging effects of global capitalism ultimately affect everyone on the planet as economies around the world come to depend on the functioning of global financial markets technologies trade and labor See alsoSociety portalAlpha ethology Boston Brahmin Bourgeoisie Cabal Conflict theories Elite overproduction Elite theory Elitism International Debutante Ball Invisible Class Empire Jet set Liberal elite Plutocracy Political class The Establishment The powers that beReferences ELITE definition of the cambridge dictionary Cambridge Dictionary Archived from the original on 3 January 2023 Retrieved 29 April 2024 Doob Christopher 2013 Social Inequality and Social Stratification in US Society Pearson Education Inc p 18 ISBN 978 0 205 79241 2 Doob Christopher 2013 Social Inequality and Social Stratification in US Society Upper Saddle River New Jersey Pearson Education Inc p 38 ISBN 978 0 205 79241 2 Mills Charles W The Power Elite pp 4 5 Guelzo Allen C 2012 Fateful Lightning A New History of the Civil War and Reconstruction New York Oxford University Press pp 33 36 ISBN 978 0 19 984328 2 Enslavers dominated Southern politics long after the Civil War ended LSE Retrieved November 6 2024 Mills Charles W 1956 The Power Elite New York Oxford University Press pp 63 67 Doob Christopher 2013 Social Inequality and Social Stratification in US Society Upper Saddle River New Jersey Pearson Education Inc p 39 ISBN 978 0 205 79241 2 Mills Charles W 1956 The Power Elite New York Oxford University Press pp 274 276 Powell Jason L Chamberlain John M 2007 Power elite In Ritzer George Ryan J Michael eds The Concise Encyclopedia of Sociology John Wiley amp Sons p 466 ISBN 978 1 4051 8353 6 Powell Jason L 2007 power elite in George Ritzer ed The Blackwell Encyclopedia of Sociology Blackwell Publishing 2007 pp 3602 3603 Mills Charles W The Power Elite p 147 Domhoff William G Who Rules America Now 1997 p 2 Bukharin Nikolai Imperialism and World Economy 1929 power elite n d The American Heritage New Dictionary of Cultural Literacy Third Edition Retrieved January 18 2015 from Dictionary com website http dictionary reference com browse power 20elite Maclean Mairi Harvey Charles Kling Gerhard 2014 06 01 Pathways to Power Class Hyper Agency and the French Corporate Elite PDF Organization Studies 35 6 825 855 doi 10 1177 0170840613509919 ISSN 0170 8406 S2CID 145716192 Dye Thomas 2002 Who s Running America The Bush Restoration 7th edition Prentice Hall ISBN 9780130974624 Fortune 500 list Fortune Retrieved 14 November 2017 Faith on the Hill 4 January 2021 Doob Christopher 2012 Social Inequality and Social Stratification in U S Society Upper Saddle River New Jersey Pearson Education p 42 Jenkins amp Eckert 2000 Francis 2007 Mills Charles W The Power Elite p 288 Castells Manuel 1996 The Rise of the Network Society Malden MA Blackwell Publishers Ltd p 101 ISBN 978 1557866172 Castells Manuel 1996 The Rise of the Network Society Malden MA Blackwell Publishers Ltd p 108 ISBN 978 1557866172 Cousin Bruno Chauvin Sebastien 2021 Is there a global super bourgeoisie Sociology Compass 15 6 e12883 doi 10 1111 soc4 12883 ISSN 1751 9020 S2CID 234861167 Further readingAnsell Ben W Samuels David J 2015 Inequality and Democratization An Elite Competition Approach New York Cambridge University Press ISBN 9780521168793 OCLC 900952620 Heinrich Best Ronald Gebauer amp Axel Salheiser Eds Political and Functional Elites in Post Socialist Transformation Central and East Europe since 1989 90 Historical Social Research 37 2 Special Issue 2012 Cousin Bruno amp Sebastien Chauvin 2021 Is there a global super bourgeoisie Sociology Compass 15 6 1 15 Cousin Bruno Shamus Khan amp Ashley Mears 2018 Theoretical and methodological pathways for research on elites Socio Economic Review 16 2 225 249 Osnos Evan Ruling Class Rules How to thrive in the power elite while declaring it your enemy The New Yorker 29 January 2024 pp 18 23 In the nineteen twenties American elites some of whom feared a Bolshevik revolution consented to reform Under Franklin D Roosevelt the U S raised taxes took steps to protect unions and established a minimum wage The costs Peter Turchin writes were borne by the American ruling class Between the nineteen thirties and the nineteen seventies a period that scholars call the Great Compression economic equality narrowed except among Black Americans But by the nineteen eighties the Great Compression was over As the rich grew richer than ever they sought to turn their money into political power spending on politics soared p 22 N o democracy can function well if people are unwilling to lose power if a generation of leaders becomes so entrenched that it ages into gerontocracy if one of two major parties denies the arithmetic of elections if a cohort of the ruling class loses status that it once enjoyed and sets out to salvage it p 23 Jan Pakulski Heinrich Best Verona Christmas Best amp Ursula Hoffmann Lange Eds Elite Foundations of Social Theory and Politics Historical Social Research 37 1 Special Issue 2012 Dogan Mattei 2003 Elite configurations at the apex of power BRILL ISBN 978 90 04 12808 8 Domhoff G William 1990 The power elite and the state how policy is made in America Transaction Publishers ISBN 978 0 202 30373 4 Hartmann Michael 2007 The sociology of elites Taylor amp Francis ISBN 978 0 415 41197 4 Jenkins J Craig Eckert Craig M 2000 The Right Turn in Economic Policy Business Elites and the New Conservative Economics Sociological Forum 15 2 307 338 doi 10 1023 A 1007573625240 JSTOR 684818 S2CID 141188855 Rothkopf David 2009 Superclass The Global Power Elite and the World They Are Making Macmillan ISBN 978 0 374 53161 4 Scott John ed 1990 The Sociology of Elites The study of elites Edward Elgar ISBN 978 1 85278 390 7 Francis David 2007 Government Regulation Stages a Comeback Christian Scientist Monitor 14 Retrieved 5 December 2012