The Managerial Revolution

Resumen del libro

James Burnham was an American political theorist and philosopher. In later life, he was a prominent public intellectual who regularly contributed to publications such as the National Review.

As society appeared to transition from capitalism to a managerial framework, the author examined capitalism’s defining traits: the commodification of all goods and labor, the dual role of money as both exchange medium and capital, the profit-driven nature of production, and the division of society into capitalists and workers. By the early 20th century, governments began assuming control over key industries, diminishing capitalist influence and expanding bureaucratic power. This shift saw managers—whether in private corporations or government agencies—emerge as the new ruling class, consolidating authority over production. The author speculated that if communism failed to replace capitalism, a managerial society would dominate, with state ownership of production and managers as the de facto elite. While communism’s appeal as a classless ideal faltered due to its failures in Russia, capitalism’s decline signaled an uncertain societal transformation, with the rise of managers reshaping power structures.

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