maintaining its influence through policy-making institutions such as the National Association of Manufacturers, the US Chamber of Commerce, the Business Council, Business Roundtable, the Conference Board, American Enterprise Institute for Public Policy Research, Council on Foreign Relations, and other business-centered policy groups.These associations have long dominated policy decisions within the US government. Wright Mills documented how World War II solidified a trinity of power in the US that comprised corporate, military, and government elites in a centralized power structure motivated by class interests and working in unison through “higher circles” of contact and agreement.The Following is a Chapter from the Newest Book Project Censored Project Censored 2014: Fearless Speech in Fateful Times By Peter Phillips and Brady Osborne Introduction In this study, we decided to identify in detail the people on the boards of directors of the top ten asset management firms and the top ten most centralized corporations in the world.Because of overlaps, there is a total of thirteen firms, which collectively have 161 directors on their boards.The higher-circle policy elites (HCPE) are a segment of the American upper class and are the principal decision makers in society.Although these elites display some sense of “we-ness,” they also tend to have continuing disagreements on specific policies and necessary actions in various sociopolitical circumstances.We think that this group of 161 individuals represents the financial core of the world’s transnational capitalist class.They collectively manage .91 trillion in funds and operate in nearly every country in the world.
The American ruling class is complex and competitive, and perpetuates itself through interacting families of high social standing with similar lifestyles, corporate affiliations, and memberships in elite social clubs and private schools.These disagreements can block aggressive reactionary responses to social movements and civil unrest, as in the case of the labor movement in the 1930s and the civil rights movement in the 1960s.They are the center of the financial capital that powers the global economic system.Western governments and international policy bodies work in the interests of this financial core to protect the free flow of capital investment anywhere in the world.
Mills described how the power elite were those “who decide whatever is decided” of major consequence.
These higher-circle decision makers tended to be more concerned with interorganizational relationships and the functioning of the economy as a whole, rather than with advancing their particular corporate interests.