https://en.wikipedia.org/wiki/The_Managerial_Revolution

The Managerial Revolution
|Author||James Burnham|
|Language||English|
|Subject||Political philosophy, Political science, Sociology|
|Publisher||John Day Company|
Publication date
|1941|
|Publication place||United States|
|Pages||214|
|This article is part of a series on|
|Conservatism|
in the United States
The Managerial Revolution: What is Happening in the World is a book written by James Burnham in 1941. It discusses the rise of managers and technocrats in modern industrial societies, arguing that they would replace the traditional capitalist class as the rulers of the economic system, though mechanisms such as economic planning.[1][2]
Summary[edit]
Burnham's seminal work, The Managerial Revolution (1941), theorized about the future of world capitalism based upon its development in the interwar period. Burnham begins by saying that "It is a historical law, with no apparent exceptions so far known, that all social and economic groups of any size strive to improve their relative position with respect to power and privilege in society". He then weighed three possibilities: (1) that capitalism was a permanent form of social and economic organization and would continue indefinitely; (2) that it was temporary and destined by its nature to collapse and be replaced by socialism; (3) that it was currently being transformed into some non-socialist future form of society.[3][4] Since capitalism had a more or less definite beginning in the 14th century, it could not be regarded as an immutable and permanent form.[5] Moreover, in the last years of previous economic systems such as those of Ancient Greece and the Roman Empire, mass unemployment was "a symptom that a given type of social organization is just about finished."[6] The worldwide mass unemployment of the depression era thus indicated that capitalism was itself "not going to continue much longer."[6]
Burnham agreed with Marxists that the capitalist class would inevitably lose the class struggle, but disagreed that th…