Appenzell
Switzerland
A Daily Compendium
of Free-Market Thinking
The Daily Bell Newswire - It's FREE!    


Power Elite

The term "power elite" traces to the writings of C. Wright Mills, including his 1956 book, The Power Elite. The concept posits wealthy and/or well connected families and individuals who seek to expand their wealth by applying and promoting dominant social themes. Such themes may eventually develop into widely held archetypes or memes.

Often such themes seem to originate with the United Nations, World Bank, World Trade Organization, World Health Organization or other international bodies that are receptive to influence by the power elite. The themes then are picked up and rebroadcast by the mainstream media. Thus, what may seem to be the work of an independent institutional staff may actually be the brainchild of the power elite.

Concepts such as bird flu, Islamofascism and peak oil are so extensively promoted that much of the public unquestioningly accepts their fearful premises and demand action. Those with the wherewithal to provide solutions – products, services and corporate offerings via public markets – may earn vast profits as a consequence.

There is little contemporary scholarly analysis of the concept of the power elite, but it corresponds roughly to what once was called "the money power."

There are a variety of theories as to the composition and character of the power elite. It sometimes is referred to ominously as the "Illuminati," the "black church" or the "black nobility." It is not necessary to confirm such characterizations to recognize that the action and influence of modern money power are pervasive.

In most conceptions, the core of the power elite coalesces around the European and American banking dynasties and some elite, titled families, or it may be characterized as a "sub-church" within the Roman Catholic, Jewish or other religion.

In some conceptions, the power elite includes members who claim to trace their ancestry to ancient times, even to Babylon and beyond. This accords with the notion that members believe their pedigrees differentiate them from the "common herd."

Signifiers of power elite activity include a disdain of free-markets and the persistent and uncritical promotion of a theme or meme to the exclusion of contrary evidence or argument.

The Daily Bell Newswire - It's FREE!    


[Most Recent Quotes from www.kitco.com]

News & Analysis
07/29/10 UK Stagflation - Now It Begins
07/29/10 Inflation - India's Turn
07/28/10 Is It a Deflationary Depression?
07/28/10 Comes a Blond Stranger ...
07/27/10 The Spreading Chinese Inflation
07/27/10 The War Falls Apart?
Guest Editorials
07/29/10 Protecting Your IRA - Part 2: Getting Your IRA Out of Town, by Terry Coxon
07/29/10 Gold Basis Screwed, by Dr. Antal Fekete
07/28/10 A Lopsided Warning, by Dr. Tibor Machan

Subscribe to the
Daily Bell Newswire

It's FREE!
Timely email notification of...
  • Breaking News
  • Feature Interviews
  • Guest Editorials
  • White Papers
  • eBooks & Shorts
  • Special FREE offers
...and much much more!
Exclusive Interviews
07/25/10 Grant Havers on Libertarianism, Religion and the Role of the Church in a Free Society
07/18/10 Paul Craig Roberts on Glass-Steagall, Free Trade and the Dangers of an Evolving 'Oligarchy of Private Interests'
07/11/10 Harry Schultz on the Power Elite, Free Markets, the Internet and Why Gold Is Going Much Higher
© Copyright 2008 - 2010 Appenzeller Business Press AG (ARBP). All Rights Reserved. The Daily Bell is an informative compendium of independent economic views and analysis, which is published by ARBP. The information contained in the Daily Bell is for informational purposes only, is impersonal and not tailored to the investment needs of any particular person and should not be construed as financial or investment advice. ARBP does not accept any liability or responsibility for, nor does it verify the accurateness of the information being provided in the Daily Bell. Daily Bell articles and interviews may include the contributions of several Daily Bell editors and may require factual editing after their initial post. Readers of the Daily Bell or any affiliated or linked sources or sites must accept the responsibility for performing their own due diligence before acting on any of the information provided within the report regardless of the source. In addition to proprietary, internally generated content, the Daily Bell publishes guest editorials from a selection of free-market thinkers, which may have been reprinted elsewhere and are not necessarily representative of ARBP's editorial views. Copyright is attributed to the author of any guest editorials featured at the Daily Bell, unless noted otherwise. ARBP often uses images licensed from Getty Images on the Swiss Confidential website. To unsubscribe from the Daily Bell, click here.