POL646 University of Miami Week 1 Elite Power and Corporate Interest Questions

Question Description

Who’s Running America? The Obama Reign
Chapter 1, “Elitism in a Democracy” (pp. 1–12)

Chapter 2, “The Corporate Directors” (pp. 13–34)

Chapter 3, “The Money Elite” (pp. 35–54)

Chapter 4, “The Media Moguls” (pp. 55–74)

Chapter 5, “The Governing Circles” (pp. 75–114)

Dye, T. R. (2014).

See attached

Tags: University of Miami POL646 Corporate Interest Elite Power elitism in democracy political parties Globalization of economic power
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POL 646: Week 1 Study Questions Dye, Chapter 1 1. The _______________ are the few who have power in society; the _____________ are the many who do not. 2. All large organizations—political parties, labor unions, governments—are ______________, even radical socialist parties. 3. True or False. All societies are elitist. 4. True or False. According to Dye, power is the potential for control in society that accompanies certain roles in the social system. 5. ________________ are people who occupy power roles in society. 6. What is being defined below? _________________________________ A has power over B when he or she succeeds in suppressing issues that might, in their resolution, be detrimental to A’s preferences. 7. What is the name of the alternative approach to power that defines power as active participation in decision making? _______________________________. 8. According to Dye, this view developed as an ideology designed to reconcile the ______________ of democracy with the _____________of a large-scale industrial, technocratic society. 9. Dye refers to individuals who occupy the top positions of institutional structure of American society as _________________ __________________. 10. Roughly how many positions does he identify when defining the above group? Dye, Chapter 2 1. True or False. Corporate power is highly concentrated. 2. True or False. The trend toward corporate concentration of resources is worldwide. 3. The U.S. currently exports about ____ percent of the value of its GDO and imports about ____ percent. 4. True or False. Today, almost one quarter of the world’s total economic output is sold in a country other than the one in which it was produced. 5. True or False. Globalization of economic power required an increase in tariffs and trade barriers around the world. 6. True or False. In the formal legal sense, the board of directors “controls” the modern corporation. 7. What is the distinction between (a) inside directors, and (b) outside directors? 8. True or False. All directors have a legal responsibility to the owners (stockholders) of the corporation to protect their investment. 9. True or False. The top echelons of American corporate life are occupied primarily by people who have climbed the corporate ladder from relatively obscure and powerless bottom rungs. 10. Dye roughly estimates that less than ____ percent of the presidents and directors of the top 100 corporations are heirs of wealthy families. 11. True or False. By the 1930’s, control of most large corporations had passed to professional managers. 12. According to Dye, the following skills belong to the _______________________. • • • • knowledge of bureaucratic organization; technical skills and information; extensive formal education; and, proven ability to work within legal constraints and government regulations. 13. True or False. Over half of the corporate presidents of the 500 largest corporations have advanced degrees. 14. Top corporate executives in the U.S. earn _____ times more than the salary of an average blue-collar worker. 15. By contrast, the ratio of CEO pay to the average manufacturing employee is only ____ in Germany and____ in Japan. 16. What is the name given to the action below? ____________ ___________________. …led by corporate raiders who acquire corporate stock and voting power in order to force the ouster and replacement of existing management 17. True or False. The greatest constraint on corporate power is the global market. 18. True or False. Top corporate elites believe their own power is greater today than it was a few years ago. 19. True or False. The largest corporations account for over ____ percent of total corporate revenues. 20. Power over corporate assets rests in the hands of about _________ officers and directors of the nation’s 100 largest nonfinancial institutions. Dye, Chapter 3 1. True or False. The concentration of financial assets in America is even greater than the concentration of the assets of individual corporations. 2. The 20 largest banks control more than ______ of all the banking assets in the U.S. 3. More than_____ of all insurance assets in the nation are controlled by the 15 largest companies. 4. What are the two corporations, now owned by the federal government, that now guarantee about ____ percent of all new home loans. 5. What does TARP stand for? _________________________________________________. 6. The ________________ _______________ ________________’s purpose is to decide on the nation’s monetary policy and credit conditions, to supervise and regulate all banking activity, and to provide various services to banks. 7. True or False. Personal wealth does not necessarily guarantee economic power. 8. True or False. There is considerable social mobility among the wealthiest Americans. 9. By 2000, the list of the wealthiest Americans was dominated by newly rich entrepreneurs from the ___________________ world. 10. The massive _________________ ________________ package in 2009 included a combination of spending increases and tax cuts totaling $787 billion. Dye, Chapter 4 1. True or False. The mass media, particularly television, set the agenda for public discussion. 2. Television remains the most widely used source for news—____ percent of Americans say it is their main source of news. 3. True or False. More people cite the Internet than cite newspapers as their main source of news. 4. True or False. Younger generations rely more heavily on the Internet than on any other source of news. 5. In 2010, for the first time, the Internet surpassed television as the main source of news for people younger than ______. 6. New York and Washington newspapers are vehicles for _________________ communication. 7. ____________ is the leading weekly news magazine. 8. The ______ _______ _______ is the oldest and most influential liberal source of news 9. True or False. Good news stories on television outnumber bad news stories by at least three to one. 10. What is the term being described below? ________________ _________________ A combination of social distrust, political cynicism, feelings of powerlessness, and disaffection from parties and politics that seem to stem from television’s emphasis on the negative aspects of American life. 11. True or False. The media elite are decidedly “liberal” and “left-leaning” in their political views. 12. Today the most listened to voice on TV is that of ______ anchor __________ ___________. 13. The ____________ ______________ , a technological research think tank, proposed the Internet as a communications network that might survive a nuclear attack. 14. The _______________ _______________ has become the leading liberal Internet website. 15. What is the term being defined below? _________________________ …the learning, accepting, and approving of customs, values, and lifestyles. 16. True or False. The media is the most liberal segment of the nation’s elite. 17. True or False. The Internet has diluted the power of traditional media. Dye, Chapter 5 1. Total government spending—federal, state, and local—now amounts to about ________ percent of the GDP. 2. True or False. Ambition is the driving force in politics. 3. True or False. Politics is becoming increasingly professionalized. 4. The 55 delegates to the Constitutional Convention in 1787 included _________ who were lawyers. 5. True or False. A majority of the nation’s top politicians have climbed the ladder from relative obscurity to political success. 6. The ________________ ___________ ____________, a 2600-page act, transformed the nation’s health system. 7. True or False. The Cap and Trade bill passed both the Senate and the House to become the law of the land. 8. True or False. All U.S. troops were removed from Iraq by December 31, 2011. 9. The reelection of President Obama retained the support of blacks by _______ percent, Hispanics by _______ percent, women by _________ percent, and young people by __________ percent. 10. Obama lost among whites by _________ percent and men by ___________ percent. 11. Which of the following states is NOT a swing state? a. b. c. d. e. Ohio Florida Utah Colorado Iowa 12. In recent years, ______ percent or more of Cabinet positions, together with top White House staff, the president, and the vice president, have earned advanced degrees. 13. True or False. A majority of the top leaders in the Obama administration are drawn from government. 14. True or False. Viewed from the broader context of a national elite, congressional leaders appear “folksy,” parochial, and localistic. 15. ______________ ______________ was the first woman in the history of the U.S. Congress to serve as a speaker of the house. 16. True or False. Not all justices of the Supreme Court conform to the upperclass portrait. 17. President ____________ ________________ warned of the immense military establishment when he coined the phrase “____________ ___________ _____________.” 18. ____________ _____________ was the first African American to serve the nation as secretary of state. 19. True or False. Governmental power is even more concentrated than corporate and financial power in America. 20. True or False. Federal expenditures account for nearly two-thirds of all government expenditures. …

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