Managerial Revolution

Burnham’s Managerial Revolution was published in 1940. In the “drive for social dominance, for power and privilege, for the position of ruling class, by the social group or class of the managers This drive was successful.
The managers, the ruling class of the new society, will for their own purposes require at least a limited democracy. When the ruling group becomes more and more liable to miscalculate, a certain measure of democracy makes it easier for the ruling class to get more, and more accurate, information. Second, experience shows that a certain measure of democracy is an excellent way to enable opponents and the masses to let off steam without endangering the foundations of the social fabric. Democracy, freedom for public minority political expression within a class society, must be so limited as not to interfere with the basic social relations whereby the ruling class maintains its position of power and privilege.These managerial Capitalists are replacing the Capitalists. Bureaucrats and managers seem to be organizing, controlling, combining the factories, businesses, and nations into a financial dictatorship. All things human and social are under attack.
Stephan Bindman in his book Pseudo Capitalism Notes: Mortgage System Collapses,Banks Broken, Hostage of Oil Producers, Devalued Dollar, Recession.Government Bail OutsUS Military Broken and Overextended.Phony Economic Statistics… Critics of our current economic order say we are becoming a socialistic econ. Rich banks have to be bailed out by public funds from the government. If the companies are then successful, the CEO type managers keep the profit. If they fail again, the citizens are billed for their bankruptcy. Meanwhile some individuals make huge profits from their derelict supervision of so-called public companies. This ripping off of FDR’s legacy of government protection of the welfare of the average citizen is being done by a new elite class: CEO’s, financiers, and other predators that have ignored their responsibilities to shareholders, employees, and their country. They have been allowed to buy the influence of politicians and have been granted protection by their fellow managerial elitists in Washington and Wall Street. This is the “greed is good” mentality of the new Super Class and its attendants. It mocks the egalitarian goals of the old socialist movement – although it is a [covertly] government planned economy. In truth is this era’s form of class rule. “American Free Market.” Using widely available news sources and recognized books on economics, Bindman clearly illustrates how the American “Free Market” has for decades actually been carefully regulated by means of manipulating interest rates, military spending, and other governmental interventions. With equal clarity he illustrates how American “Capitalism” has become disconnected from its shareholders as interlocking boards of directors exchange favors without having to answer to a combination indifferent investment fund managers, whose only interest is in short term gain. After reading this I can never again view my American “Free Market” or capitalism itself in the same way. This in an eye-opener, clearly written — an easy read about significant difficulties with our American system.
Here is an example: The AIG bonus payments controversy began in March 2009, when it was publicly disclosed that the American International Group (AIG) was to pay approximately $218 million in bonus payments to employees of its financial services division. AIG is notable for having received $170 billion[citation needed] in taxpayer bailouts and in the fourth quarter of 2008 posted a loss of $61.7 billion, the greatest ever for any corporation. Beyond the $165 million in bonus payments that were recently announced, total bonuses for the financial unit could reach $450 million and bonuses for the entire company could reach $1.2 billion. The Tax Payers foots the Bill.
The meltdown of the U.S. housing market and economy, compounded with the over printing of U.S. currency, has resulted in higher inflation and hit the U.S. economy and consumer. The average American savings is already limited, as Americans are paying more for basic necessities. People are barely holding their head above water. Unfortunately, personal incomes are not rising in tandem with higher prices for goods and services. To cope with inflation and higher prices, Americans will need a living wage to buy essential goods, but with the state of the U.S. economy, an increase in wages maybe considered at $10 and hour $12 under living income.
In 2011, the median household income in the U.S. fell for the fourth straight year to $50,054, or $8.9% below its all-time peak of $54,932 in 1999. The country’s poverty rate was 15%—46.2 million people under the poverty line. 18%, but we believe more. One-third of the nation is at or below the poverty line.
There are also an increasing number of Americans receiving food stamps. Nearly 47.0 million Americans rely on federal food-assistance benefits—a 12-year high attributed to the weak U.S. economy and high rates of unemployment over the last five years. Since January 2009, a net 194,000 new jobs have been created; during that same time, 14.7 million people have been added to the food-stamp rolls.
We now have a class of working poor and impoverished as never before. This is a new world of managerial capitalism and social war against the people.


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