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View Diary: ACM: Fiscal Cliff as grim Speed Bump trigger (37 comments)

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  •  Management (10+ / 0-)

    I tend to think that the late 19th century rise of corporate managers as a class is critical to understanding this. Managers qua managers do not own the means of production, but they are paid better and ally themselves firmly with capital. The dispersion of stock ownership and tendency of high-level managers to become stock owners, sometimes in a really big way, gradually transferred power to managers, a trend slowed by the financialization of capital since the 70s.

    The language shifted too, from talk of Labor and Capital to talk of Labor and Management: the reality of manager power was exaggerated thereby in order to deny &/or hide the very existence of capital. A nice trick. Even low-level managers often buy in to an alliance with capital.

    As to secretaries and other support personnel who work directly for high-up managers ("executives", also a neologistic usage of 20th c. capitalism) Hegel's dialectic of the master and slave explains that quite well, just as Frederick Douglass did in discussing some of his thinking, as a slave, about his master.

    Great diary, by the way. I don't really understand all the spatial - geography stuff or what it brings substantively to Marxism, but that's at least in part a reflection of my ignorance.

    Feeling lousy tonight - heart palpitations after taking out the garbage in the cold, and I'm only 50 fer chrissakes!

    btw NY brit expat, what does it mean to own a medallion? Is that like a license to drive others for a fee?

    "Karl Marx and Frederick Engels came to the checkout at the 7-11 Marx was skint - but he had sense Engels lent him the necessary pence What have we got? Yeh-o, magnificence!!" (The Clash, 1976-1983)

    by Le Gauchiste on Sun Dec 30, 2012 at 04:27:31 PM PST

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