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Wright Mills wrote of the "elite" in his 1957 book The Power Elite as "those political, economic, and military circles, which as an intricate set of overlapping small but dominant groups share decisions having at least national consequences.
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.
These memberships in turn pave the way to the prominent social clubs located in all major cities and serving as sites for important business contacts".
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.
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.
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