RE: RE: crisis causes the end of capitalism?

["Forstater, Mathew" <ForstaterM@xxxxxxxx>]

Maybe more accessible for some would be William A. Darity, "Racial
Inequality in the Managerial age" American Economic Review, Vol. 80, No.
2, May 1990, pp. 247-251.

"The social dominance of industry has given over to the social dominance
of the intellectuals and the intelligentsia--a professional-managerial
elite deeply engaged in the design and administration of social
policy...Social status is now more closely associated with the
acquisition of credentials and the possession of expert knowledge than
with the acquisition of material goods and the possession of wealth.
Putative mental capacity supplants property ownership as the key to
access to the modern elite."

-----Original Message-----
From: Forstater, Mathew
Sent: Tuesday, January 15, 2002 5:06 PM
To: pen-l@xxxxxxxxxxxxxxxxxxx
>Subject: [PEN-L:21433] RE: crisis causes the end of capitalism?

It is like Darity's "managerialism".

See William A. Darity, Jr., "The Undersirables, America's Underclass in
the Managerial Age: Beyond the Myrdal Theory of Racial Inequality"
Daedalus: proceedings of the American Academy of Arts and Sciences. 124,
no. 1, (Winter 1995): 145ff. and the references contained therein.


crisis causes the end of capitalism?
by Devine, James
15 January 2002 20:24 UTC  < < <

What I was thinking of is more along the line of rule by "experts"
within
capitalism. Usually, when there's some type of emergency, the capitalist
let
the "experts" rule. That doesn't mean they'd do a good job.

^^^^^^^
CB: Is this like Gailbraith's technocracy ?