“Ownership class” is a phrase I use fairly often, and even in doing so I understand that it can be ambiguously interpreted. For that reason, I’ve added this definition to the JH Lexicon, to be defined as follow:
The “ownership class” is not simply filled with the people who own things; rather it refers to the very, very small group – on the order of no more than a few hundred individuals, give or take at any particular point, and depending on how you’re measuring – who control most of the world’s wealth.
These people control everything from institutions of higher learning (and on an ever-greater scale, primary education) to the media where we get the information we’re supposed to be learning to understand in school but aren’t. As comedian and philosopher George Carlin pointed out as have others, it is simply not in the interests of this small group of people to have a generally informed, educated, and engaged population. That sort of person challenges their power and can take it away.
So they control the information, Orwell-style, to keep us distracted from their mendacity. Part of that is ensuring that we’re always fighting and competing amongst ourselves, often over superfluous notions like religion that have no substantive impact on the Universal Morality.
As mentioned above, in any given context “they” could refer to as few as the half-dozen or so people who own more of the world’s wealth between them than the “bottom” half of the total human population, or it may refer to as many as a few hundred people who make the most money from and control the behaviors of the largest corporations in the world. It is not any one ethnic group, skin color, religion, gender, or sexuality per se, although the tables have been tilted largely in favor of some people based on those considerations. It’s about individuals, making individual decisions including the decision to influence, for selfless or selfish means, the decisions of others.