book summary

The Managerial Revolution

What is Happening in the World

key idea #1

Capitalist society has several defining characteristics.

key idea #2

There is no evidence that capitalism will continue, and there are important indications that it won’t.

key idea #3

The disastrous Russian experiment in communism proves that it won’t replace capitalism elsewhere.

key idea #4

Managers, not capitalists, will soon be the dominant class in a state-controlled economy.

key idea #5

Increasing organizational and technical complexity has created a new managerial class.

key idea #6

As governments took over vital industries, the managers’ power became absolute.