SOCA02H3 Chapter 37: Chapter 37 Notes from MAPPING

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16 Feb 2012
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Charles derber y c. wright mills notion of the power elite can be seen in many social contexts in the. The first are the global financial markets and transnational companies at the heart of the world economy. The second are national governments that are business-oriented regimes linked to each other in economic and military alliances led by the u. s. The third are rising global governments such as the world trade organization, the international monetary fund, and the world bank, also strongly led from the. Most important, the government stands as the ultimate guarantor that contracts will be enforced and laws against fraud upheld so that people s trust in the market remains secure; the 2002 outbreak of what senator joseph lieberman called. Enron-itis makes clear just how important that role is today. Government activism is essential to the survival of the market itself.

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