Asked by Emily Browning on May 30, 2024
Verified
The majority of appointed U.S. Treasury secretaries have been either former partners or managers of Goldman Sachs, which is a global investment management firm. Sociologists would argue that this overlap between private business and the federal government is an example of
A) pluralism.
B) authoritarianism.
C) totalitarianism.
D) the power elite.
Power Elite
A relatively small group of people in the top ranks of economic, political, and military institutions who make many of the important decisions in American society.
Private Business
Commercial organizations that are privately owned and operated, as opposed to being owned by the government.
Federal Government
The federal government is the national level of government that has powers over issues that affect the entire country, including defense, foreign affairs, and currency regulation.
- Grasp the concept of the power elite and its influence on political and economic systems.
Verified Answer
ZK
Zybrea KnightJun 03, 2024
Final Answer :
D
Explanation :
The concept of the power elite suggests that a small group of individuals who hold significant economic, political, and social power dominate American society. The fact that many Treasury secretaries have been affiliated with Goldman Sachs, which is a major player in the financial industry, underscores the influence of corporate elites in shaping government policies and decision-making.
Learning Objectives
- Grasp the concept of the power elite and its influence on political and economic systems.