Explain the problem of elite regulation. Also have an explicit thesis statement in the first paragraph of your essay.

This is the prompt: Explain the problem of elite regulation. Also have an explicit thesis statement in the first paragraph of your essay. Please underline this thesis statement. The remainder of the paper should develop and elaborate this thesis. This is one source you should cite from: virtue.https://podcast.ucsd.edu/podcasts/default.aspx?PodcastId=3051&l=14&v=0