Flashcard sets with a 'elite and class theory' term meaning 'a theory of government and politics contending that societies are divided along class lines and that an upper-class elite will rule, regardless of the formal niceties of governmental organization. wealth is the basis of power. a few powerful americans (the top 1% who hold 1/3 of the nation's wealth) do not merely influence policymakers–they are the policymakers. this theory centers on the dominance of big businesses. this theory also states that who holds office in washington dc is of marginal consequence; the corporate giants always have the power.'

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