In his worldwide bestseller The Managerial Revolution (1941), Burnham argued that in the era of large-scale capitalism and the bureaucratic state, the older bourgeoisie was being replaced by a new managerial class: What is occurring in this transition is a drive for social domination, for power and privilege, for the position of ruling class, by the social group or class of the managers. . . . At the conclusion of the transition period the managers will, in fact, have achieved social dominance, will be the ruling class in society. This drive, moreover, is world-wide in extent, already well
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