27 Sep 2014
Who are the elite and what do they want ? They are the top 5% and they want it all .
“In political and sociological theory, an elite is a small group of people who control a disproportionate amount of wealth or political power. In general, elite means the more capable group of people. The selected part of a group that is superior to the rest in terms of ability or qualities.”
This varied between 1% to 5% , with large uncertainties .
Eg French Revolution : Elite (Clergy + Aristocracy = 480 000 out of 27 million gives 1.7%)
Roman Empire : Roman citizens in the early Empire were about 2% of total population .
Communist Party varied 1%-3 %
Nazi party 3%-5%
3. Empirical study on 1779 US cases in 2014 with elite being top 10% economic .
Testing Theories of American Politics:
Elites, Interest Groups, and Average Citizens
Martin Gilens ,Princeton University , email@example.com
Benjamin I. Page ,Northwestern University , firstname.lastname@example.org
“In the United States, our findings indicate, the majority does not rule -- at least not in the causal sense of actually
determining policy outcomes. When a majority of citizens disagrees with economic elites and/or
with organized interests, they generally lose. “
“ our analyses suggest that majorities of the American public actually
have little influence over the policies our government adopts.”
See the document at
A NASA study
See the actual study at
and a simplified version at
They both see the present world economy as having an Elite of 3% for centuries , but which is now spinning out of control .
5.If billionaires did not exist , it would be necessary to invent them .
A form of capital concentration . An effect of Power Laws that operate in systems with complex feedback processes (like economics). There will always be someone who strikes lucky , then plays it smart and soon grabs all he can . See http://tuvalu.santafe.edu/~jdf/papers/powerlaw3.pdf
These capital concentrations form a vital part in the long-term health of an economy . Basic, blue-sky research , for instance .
6.Billionaires are no threat .
They do not seem to represent a threat to a vigilant population . They are merely the top , visible part of the Elite , who can be a major threat .
Elites have historically been about 5% of population . In US in 2010 5% owned 72% . Seehttp://www2.ucsc.edu/whorulesamerica/power/wealth.html
http://en.wikipedia.org/wiki/The_World's_Billionaires : 1645 in 2014
Elite 5% of 7 Bn = 350 million . in US , about 1.5 million with income over $232 000 pa .
No meaningful change is possible unless this class is suborned .
7.Do not watch the billionaires’ social calendar .
Watch the personal assistants of their executives. They go where the elites are .
Better than yours