America's New Economic OrderThere is a growing literature on America's postcapitalist society, an intellectual tradition that runs from Veblen, its prophet, through Berle and Means to Burnham, Drucker and Galbraith. Its shared thesis is that America's corporations are controlled by a new class of managers and professional, but it cavalierly assumes that capitalists are still the main beneficiaries. The author disputes this assumption. |
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Pragmatic socialists under another name | 14 |
Socialism without illusions | 28 |
Marxist theory and the managerial revolution | 45 |
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American bargaining became become believed benefits Burnham called capital capitalist cent century collective common Communist continued corporate cost decades democracy developed economic effect employees employment engineers enterprise executives exploitation fact final solution followed force Galbraith hand Hodges human idem ideology imperialism income increasing industrial intellectual interests International leaders leading less living longer managerial managerial revolution Marx Marx's Marxist means merger million movement organized organized labor owners ownership party percent planning political president privileged production professional profits proletariat ratio relations replaced represented response result role rule salaries scientific share skilled social question socialist society Soviet Statistical strike struggle surplus Swift technical term theory Third tion trade turn union United Veblen wage workers World