Friday, September 27, 2013

Who has power in America?

Matt Forney asserts that
Power in America no longer rests with the elected government, but with the acronym agencies that exist beyond the voter’s control: the FBI, NSA, CIA, FEMA, the Fed, the Department of Education and so on. Despite the grandstanding of Tea Party Republicans, these agencies run themselves with minimal oversight or input from Congress, who is almost entirely powerless to control them. In fact, whenever elected officials try to exercise even the slightest amount of control over bureaucracies—as Scott Walker tried to do in Wisconsin two years ago—they always find themselves rebuffed with overwhelming force.
Forney reviews a book written shortly after the fall of France in World War II. It is James Burnham's The Managerial Revolution.
Burnham also predicted that the public and private sectors would effectively cease to exist as separate entities in a managerial economy. Again, looking at the comfy relationship between Washington and Wall Street, can you really argue against this? The actual capitalists on Wall Street—the shareholders—have lost big in the bank bailouts, with the stock prices of Citi and other banks cratering and shops like Bear Stearns being driven out of business entirely. It’s the managers—your Lloyd Blankfeins and Jon Corzines and Hank Paulsons—who’ve made out like bandits, giving themselves golden parachutes, stealing money from their customers and flitting back between government and the private sector as it suits them.
Read more of Forney here: http://mattforney.com/2013/09/11/the-managerial-revolution-by-james-burnham/

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