[Marxism] Managers rule, not capitalists? | Michael Roberts Blog

Louis Proyect lnp3 at panix.com
Sun Apr 29 06:59:47 MDT 2018

The capitalist mode of production is coming to an end.  But it is not 
being replaced by socialism. Instead, there is a new mode of production, 
based on a managerial class that has been forming in the last hundred 
years.  This managerial class does not exploit the working class for 
surplus value and its accumulation as capital.  The managers instead use 
power and control which they exercise through the management of 
transnationals and finance.  The working class will not be the 
‘gravediggers’ of capitalism, as Marx expected.  The ‘popular classes’ 
instead must press the managerial class to be progressive and modern; 
and eliminate the vestiges of the capitalist class in order to develop a 
new meritocratic society. Such is the thesis of a new book, Managerial 
Capitalism, by Gerard Dumenil and Dominique Levy (D-L), two longstanding 
and eminent French Marxist economists.


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