The New Despotism by John P. Cochran

But of far greater importance in the realm of freedom is that invisible government created in the first instance by legislature and executive but rendered in due time largely autonomous, is often nearly impervious to the will of elected constitutional bodies. In ways too numerous even to try to list, the invisible government – composed of commissions, bureaus, and regulatory agencies of every imaginable kind – enters daily into what Tocqueville calls “the minor details of life.”

Murray Weidenbaum, in an important study of this invisible government, Government Mandated Price Increases, has correctly referred to “a second managerial revolution” that is now well under way in American society. The first managerial revolution, described originally by A.A. Berle and Gardiner C. Means in their classic book The Modern Corporation and Private Property and given explicit identity by James Burnham, concerned, as Weidenbaum points out, the separation of management from formal ownership in the modern corporation.

via The New Despotism by John P. Cochran.

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