That the financial crisis of 2007 represents a turning point in history, no one can doubt anymore: Past truths, economic and political, have been well and thoroughly shaken. The national democracies in the West are rotting from the inside, and the battle for the racist voices is tearing apart alliances and threatening to throw the world into trade wars reminiscent of the 1930.
The French economists Gérard Duménil and Dominique Lévy analyze in the book Managerial Capitalism: Ownership, Management and the Coming New Mode of Production the political-economic development of the 20. century, with a particular focus on the United States. They believe that society is leaving capitalism as we know it and moving into a new mode of production. They call the new system managerialism.
The managers, ie managers of both private companies and the state, are seen here as the key players in politics and the economy. This group constitutes a completely separate class of society, whose ability to enter into alliances alternately to both right and left has largely determined economic development. . .