"But the elite are not simply
those who have the most, for they could not 'have the most' were it not
for their positions in the great institutions. For such institutions are
the necessary bases of power, of wealth, and of prestige, and at the same
time, the chief means of exercising power, of acquiring wealth, and of
cashing in the higher claims for prestige" (The Power
Elite, 1956, p. 9).