The Managerial Revolution and Governance in America

This chapter delves into the impact of modern business needs on governance in America, leading to developments like vertical integration, cost accounting, and professionalization of management. It introduces the concept of the managerial revolution, focusing on the shift of control from business owners to professional managers. The discussion also touches on the rise of administrative governance, global governance, the symbiotic relationship between business and the state, wealth distribution shifts towards managers, and the therapeutic turn in society.