While the powers of management have been contained by trade union organisation, and have usually been balanced by the market power of consumers, the precedence of management is amply attested by the high salaries they award themselves, and the prerogatives they maintain.
Fabian Tract 430: Towards a worker managed economy
Authors:
Jeremy Bray and Nicholas Falk
Published in:
Fabian Tract 430
Date:
January 1974
Themes:
Economic growth and land management
Locations:
Summary:
Our present system of managerial capitalism is based on the precedence of property rights over people. It allows management hierarchies to perpetuate a feudal authority in their own spheres, diminishing other men, long after feudalism has been rejected in the political sphere.
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