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To: Tim McCormick who wrote (82559)1/6/2000 7:03:00 AM
From: Oblomov  Read Replies (1) | Respond to of 86076
 
True... We are headed to a system very much like the state corporatism of "Rollerball." I would suggest reading The Managerial Revolution by James Burnham. Although the book was written in the 1950s, it describes quite succintly how the managerial economy differs from true capitalism. Its aim is not the effective allocation of capital, but rather the preservation of status quo economic power.

The bubble economy has consolidated this power in the hands of a new plutocracy... if you have seen the magazine "Fast Company," then you know that the new plutocracy and its foot soldiers speak in the sweeping, visionary terms of the religious zealot or the revolutionary. They even call themselves such things as "Chief Evangelical Officer."

We are at the opposite end of the national confidence spectrum from where we were when the film "Rollerball" was made (1975, 76?). The mid-70s were a time of self-doubt, of public distrust of corporations and the equity markets, of national "malaise". Now, America is feeling "fat and happy", and it loves its great corporations. After all, they make our food and shelter, and craft our masturbatory entertainment. Why spoil a good thing by being negative?