Challenging the view that managerialism is a form of capitalism and that capitalism has eclipsed socialism, Pena shows that the managerial or new class is an exploiting class. The work of Thorstein Veblen, James Burnham, John Kenneth Galbraith, and Kevin Phillips, he suggests, forms a little-known century-long tradition of reflection on the managerial revolution as well as on the conflux of values and socioeconomic practices that Pena dubs economic barbarism. Building on the work of these thinkers, he argues that industrial barbarism and the managerial revolution led to the decline of U.S....