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" "We are now in a period of social transition, a period characterized, that is, by an unusually rapid rate of change of the most important economic, social, political, and cultural institutions of society. This transition is from the type of society which we have called capitalist or bourgeois to a type of society which we shall call managerial.
James Burnham (November 22, 1905 – July 28, 1987) was an American philosopher and political theorist. He chaired the New York University Department of Philosophy and became a radical activist in the 1930s and an important factional leader of the American Trotskyist movement. In later years Burnham rejected Marxism and became an even more influential theorist of the political right as a leader of the American conservative movement. His 1941 book The Managerial Revolution speculated on the future of capitalism. Burnham was an editor and a regular contributor to William F. Buckley's conservative magazine National Review on a variety of topics. He rejected containment of the Soviet Union and called for the rollback of communism worldwide.
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The managers will exercise their control over the instruments of production and gain preference in the distribution of the products, not directly, through property rights vested in them as individuals, but indirectly, through their control of the state which in turn will own and control the instruments of production. The state – that is, the institutions which comprise the state – will if we wish to put it that way, be the “property” of the managers’.
In its own more confused, less advanced way, New Dealism too has spread abroad the stress on the state as against the individual, planning as against private enterprise, jobs (even if relief jobs) against opportunities, security against initiative, "human rights" against "property rights." There can be no doubt that the psychological effect of New Dealism has been what the capitalists say it has been: to undermine public confidence in capitalist ideas and rights and institutions. Its most distinctive features help to prepare the minds of the masses for the acceptance of the managerial social structure.
[A rival theory that has to be better than the dominant “90 percent explanation” cannot go wrong very often and still stay in the contest. For the challenger of a 50 percent incumbent, some shortcomings are not that fatal. This comparative situation has to be remembered as argued by James Burnham:] ... we must keep in mind an obvious principle of scientific method. To disprove the theory, it is not enough to show that it is not 100% certain,that difficulties confront it, and certain evidence seems to be against it. It must be further shown that it is less certain than alternative theories covering the same subject matter, that there are in its case more difficulties, more negative evidence than in the case of at least one alternative theory. No theory about what actually happens and will happen is ever ‘certain’.