Eighty years have passed since James Burnham wrote the 20th century’s most important, insightful, and ignored work of political science, The Managerial Revolution. Burnham, a former Trotskyite-turned-conservative political philosopher, argued that capitalism as a social organizing structure had been on its deathbed since the beginning of the First World War and would soon pass into insignificance. And, just as capitalism had struggled against and replaced feudalism, so too a new socio-economic principle—what I like to think of as “managerism”—was supplanting it. Under this new socio-economic order, managers, not capitalists, control the instruments of production, and acquire more real power
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