Table of Contents
List of Illustrations xii
Foreword Jim Hightower xiii
Preface xv
Where Are You in the Class System? xix
Class Chart
Introduction 1
Brief Definitions
The Impact on the Rest of Us of Having a Ruling Class
The Impact of the U.S. Ruling Class on the Rest of the World
A Short History of the U.S. Ruling Class 9
What is a Ruling Class? 15
A Ruling Class Is Not…
What Does the Economic Structure of the U.S. Look Like? 17
Who Makes Up the Ruling Class?
The Managerial Class
The Bottom of the Wealth Pyramid
The Power Elite
The Financial Elite
The U.S. Power Elite Is a Primary Component of the International Power Elite
Why Does Wealth Matter? 32
Income or Wealth?
Who Owns the United States?
Where Does Wealth Come From?
Speculative Wealth
Other Kinds of Wealth
Wealth and People of Color
Women and Wealth
How Do They Rule? The Constitution, Corporations, and the Courts 48
The Constitution
Corporations
The Courts
How Does the Power Elite Communicate? 56
Interlocking Directorships
Policy Formation Groups
Foundations
Think Tanks
Elite Universities
Elite Publications
How Do They Stay in Power? 69
Experts and Professionals
Lobbyists
(De)Regulation
Buying an Office
Giving at the (Corporate) Office
What Does This Money Buy?
Two-party System
Voting
How Do Members of the Ruling Class Increase Their Wealth? 79
Corporate Welfare
Military Incursions
International Debt
Arms and Armaments
Defense Spending
Privatization
Oil
Drugs and Drug Wars
Oil, Drugs, and Arms
"Free" Trade and "Free" Markets
Domestic Debt
Federal Reserve Bank
Corporate Crime
Preserving Their Wealth 90
Capital Gains Taxes
Tax-exempt Bonds
The Federal Debt
Home Mortgage Interest Tax Deduction
Tax Shelters
Charitable Deductions
Social Security
Passing on Their Wealth 93
Estate Tax Reductions
Gift Tax Exclusion
Inheritance
Trusts
Education
Children
Marriage
Integrating New Members into the Ruling Class
Protecting Themselves and Their Families Financially 101
Offshore Financial Havens
Bailouts
Insurance
Protecting Their Power 104
Dealing with Resistance in the U.S.
Dealing with Resistance in Other Countries
How Do Members of the Ruling Class Feel About Being Rich? 107
Are Members of the Ruling Class Good or Bad, Happy or Sad?
Why Don't We See Them? 110
Living Privately
Education of Children
Social Clubs
The Ruling Class and the Buffer Zone 114
Taking Care of People
Keeping Hope Alive
Controlling People
Managing the Buffer Zone
Philanthropy 120
Why We Don't Focus Attention on the Ruling Class: The Role of the Mass Media 125
Media Ownership
Media Bias
Media Tactics
Spin Control
Distractions 128
Wars Overseas
Fear
The Cycle of Interpersonal Violence
Racism, Sexism, and Homophobia
Anti-Jewish Fears
Lack of Time
Spectator Sports
Pornography and Prostitution
Shopping
Scandal, Corruption, and Drama in the Courtroom
Alcohol and Other Drugs
TV and Movies
Video Games and Computers
New Technological Gadgets
Legalized Gambling
The Myth of Equal Opportunity
Starting At the Top
Politicians
Businessmen
Who Decides? Who Benefits? Who Pays?: Public Policy Issues 141
"Big" Government, Deregulation, and Privatization
State's Rights
Which Side Are You on? 144
Tax Cuts
Estate Taxes
Regulation
Privatization
Health Care
Education
Labor
The Environment
International Solidarity and War
Immigration
Assessing Public Policy Issues and Political Candidates 151
Getting Information
Questions to Assess Public Policy Issues
Questions to Ask Political Candidates
Beyond Survival-Getting Together 153
Resistance 155
Afterword 160
Workshop/Study Guide 164
Resources
Endnotes 168
Glossary 179
Bibliography 185
Videography 208
Magazines 215
Organizations and Websites 216
Index 219
From the Author 227