Re: RE: RE: RE: Re: RE: Re: crisis causes the end of capitalism?

[Eugene Coyle <eugenecoyle@xxxxxxx>]

It is a little late for this thread but this also sounds like
Galbraith's THE NEW INDUSTRIAL STATE

"Devine, James" wrote:

> > I don't know if anyone is familiar with Darity's thesis about managerial
> > society or the managerial mode of production, which he believes has
> > developed out of capitalism. I am not sure if I agree that managerial
> > society is a distinct mode of production that had superceded capitalism,
> > but I think the thesis that managerial capitalism is another stage of
> > capitalism has something to it. In the managerial society, "experts" run
> > things and the system is based on credentialism. I can find the cites if
> > anyone';s interested. mat
>
> This sounds a little like James Burnham, author of THE MANAGERIAL REVOLUTION
> (1941). Burnham believed that rule by the experts was the shared
> characteristic of fascism, Stalinism, and the New Deal. (In fact, he saw
> managers as a new ruling class. BTW, I think this is partly based on the
> Berle/Means thesis about the separation of ownership from corporate control
> (to the advantage of the controllers).) Around the time of the publication
> of that book, Burnham drastically changed his politics, going from being an
> associate of Trotsky to being an editor of William F. Buckley's Joe
> McCarthyite NATIONAL REVIEW.
>
> 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.
>
> JD