The Worthy House (Charles Haywood) The Managerial Revolution: What is Happening in the World (James Burnham)
17 snips
May 1, 2022 AI Snips
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Episode notes
Managers as New Ruling Class
- James Burnham predicted a new ruling class of managers would replace capitalists by controlling the state.
- This managerial class uses government power to shape society for their benefit, not private enterprise.
Capitalism's Death and Managerialism Rise
- Capitalism is dying due to issues like mass unemployment and excessive debt.
- Managerialism replaces capitalism via state ownership and central planning of production.
Managerialism vs Socialism
- Managerial rule is not socialism despite similar rhetoric; socialism is a myth in Burnham's view.
- Ideologies like Leninism, Stalinism, and National Socialism support managerialism to legitimize this new class.