Capitalism Is Dead: Long Live The Expertocracy. Burnham’s The Managerial Revolution at 80

I don’t even agree with the term expertocracy. When I was a teenager I learned that there are 3 kinds of people on Earth. Those who need someone to tell them what to do, those who need others to tell them what to do, and those who steer clear of both aforementioned. It is an about 80/18/2 split in any society. Those who tell us what to do (politicians, career civil servants, managers) are not experts except insofar as they really know how to fleece the masses. And those wolves are never interested in real capitalism – they like socialism as in such a system they rule. Real capitalism would be good for the 80% and the 2%.

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