Re: crisis causes the end of capitalism?

[Tom Walker]

Galbraith's book dates to the mid-1950s. Peter Drucker also wrote a book on similar lines in the early 1940s. I would credit Berle and Means as the earliest articulate version of the theory (or story) in the U.S. There are also parallels with earlier Frankfurt School writings by Horkheimer and Pollard.   Gene Coyle wrote:   >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 society is a distinct mode of production that had superceded capitalism, 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.   Tom Walker