An elite in political and sociological theory, is a small group of people who control a disproportionate amount of wealth or political power.

Mills wrote in his 1957 book The Power Elite that the "elite" are "those political, economic, and military circles, which as an intricate set of overlapping small but dominant groups share decisions having at least national consequences. Insofar as national events are decided, the power elite are those who decide them."

According to Mills, the governing elite in the US primarily draws its members from three areas: (i) the highest political leaders (including the president) and a handful of key cabinet members and close advisers; (ii) major corporate owners and directors; and (iii) high ranking military officers. These groups overlap, and elites tend to circulate from one sector to another, consolidating power as they do so.

Unlike the ruling class, a social formation based on heritage and social ties, the power elite is characterized by the organizational structure through which its wealth is acquired. According to Mills, part of the power elite is "the managerial reorganization of the propertied classes into the more or less unified stratum of the corporate rich." Domhoff further clarified the differences in the two terms: "The upper class as a whole does not do the ruling. Instead, class rule is manifested through the activities of a wide variety of organizations and institutions... Leaders within the upper class join with high-level employees in the organizations they control to make up what will be called the power elite."

PHASE 2 (aka Lonny Wood) is one of the most influential and well known New York City aerosol artists. Mostly active in the 1970s, Phase 2 is generally credited with originating the "bubble letter" style of aerosol writing, also known as "softies". He was also influential in the early hip-hop scene.

Phase 2 is from The Bronx, and attended DeWitt Clinton High School along with a number of other early graffiti artists. Many famous graffiti writers of the early 1970s would meet at a doughnut shop across from the school called the Coffee Shop before heading down to the subway station at 149th Street and Grand Concourse to watch tagged trains on the IRT line pass by. Phase 2 was mentored in graffiti by his friend and neighbor Thomas Lee aka Lee 163d!, one of the pioneers of graf writing in The Bronx.

He began writing in late 1971 under the name Phase 2, a moniker which had a rather mundane provenance. As Phase 2 would later recall, "the previous year we'd given this party. We were getting ready to give another one and I said, 'We'll call this one Phase Two.' I don't know why, but I was stuck on the name. It had meaning for me. I started writing 'Phase 2.'"