Question

The majority of appointed U.S. Treasury secretaries have been either former partners and/or managers of Goldman Sachs, a global investment management firm. Sociologists would argue that this overlap between private business and the federal government is an example of:

Answer 1

Sociologists would argue that this overlap between private business and the federal government is an example of power elite. The Power Elite is actually a book written by sociologist C. Wright Mills. This book explains the interwoven, mixed interests, of military leaders, government officials and corporate beings within various organizations. He writes and explains the power behind these decisions and examines how each entity runs and is interlocked.