Summary:
The book presents a theory that capitalist societies are transitioning towards a new form of socio-economic organization dominated by managers and technocrats who control the means of production and distribution. It argues that this managerial class is replacing the traditional roles of the old capitalist owners and is central to understanding the changing dynamics of power and wealth in modern societies.
Key points:
1. Capitalism's Decline: Burnham sees capitalism fading as managers, not owners, gain economic control.
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