Corporate Elite essays

Corporate Elite essays Elitist theory holds that the majority of political power is held by a relatively small and wealthy group of people, which share similar principles and interests. Most members of this group are born into affluent families. The majority of top leaders in the United States come from this privileged group. The power elite utilizes a variety of resources to dictate public policy. These individuals tend to hold top management positions within big corporations. These corporations are used as a powerful tool to dominate the political arena. Corporations are granted immense power, which they use, to protect their own interests, as well as, shape the interests of ordinary citizens. The leadership role that business has in the economy gives executives of large corporations an unusual kind and degree of influence over governmental policy making. (Lindblom 1993:p91) The economic control of corporations plays an essential role in public policy. Depending on how they choose to play the game, large corporations dictate to economic conditions. Politicians must accommodate corporate interests to protect our sensitive economy. These accommodations can be called corporatism. Big businesses receive a privileged position by donating huge amounts of money and support to politicians and their political parties. This monetary support buys access into the system. This access, known as corporate welfare, can be achieved in the forms of favored rates on goods and commodities, higher interest bond issues, tariff protections, emergency funding, tax breaks and incentives, guaranteed investments, and weak safety standards. The rewards are endless, and they must be worth something because corporations spend a tremendous amount of money to obtain them. Corporations have existed as early as the eighteenth century. The framework of the constitution protects corporations through its interpretation of property rights. Our co...