Saturday, October 15, 2016

Rich Puchalsky 10.15.16 at 1:45 pm

Ronan(rf): “Personally I don’t know how j feel about the managerial class argument”

There are certain decision makers who make all of the important decisions, or who at least get a tremendously inordinate amount of power over those decisions. If they aren’t making a decision in a positive sense, their power often controls decisions in a negative sense by restricting the available choices to those that are all acceptable to them.

The developments of late capitalism have to do with the transition of these decisions from the elite capitalist class as such to a group of managers. These managers can not and do not go against the traditional interests of capital as such. But their decisions characteristically favor their class in ways that a traditional class analysis can not fathom, and their ideology appeals to a group variously called “professionals”, “technocrats”, “the 10%” etc. who more broadly control the levers of power in society.

The managerial class operates a world system — the system of trade agreements, monetary agreements, etc. This system keeps the world economy going as it is going through the cooperation of American economists, Eurocrat bureaucratic appointees, Chinese Communist Party higher-ups, important people in the financial industry (whether bankers or at central banks), CEOs of multinationals, and even the leaders of important NGOs. These interactions are observable and not a matter of conspiracy theory.

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