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Aren't Venture Capitalists Part of the Management Elite?
Burtham says that the rise of the finance capitalist is a decisive phase in the managerial revolution. Most of the economy transitions to a different mode of operating a different kind of capitalism called managerial capitalism, he says. The managers are often very good at running things at scale and can't build new things because they're not trained to do it. Burtham: What we should do is basically bring back the old bourgeoiscapitalist model with venture capitalists.