Modern regimes can manage capitalist ownership without provoking elite resistance
Evidence
A year later, Pollock conceded considerable political prospects to the capitalist planned economy as well. `The view we expressed earlierthat the degradation of the ownership of capital into a mere entitlement to investment income would make the capitalist planned economy unacceptablecan no longer be counted as a serious objection, in view of the capacities for controlling the masses which have in the meantime become apparent.’ — Rolf Wiggershaus, The Frankfurt School, 138
Categorization
- XREF: Mass-control capacity as answer to ownership degradation; resonates with later Frankfurt work on the culture industry and administered consciousness (Adorno/Horkheimer). — connects to: Feudal elites can keep leading a bourgeois state without fusing with the bourgeoisie
- yield-rescued: below the book’s yield-target cutoff, included anyway for connecting to: Feudal elites can keep leading a bourgeois state without fusing with the bourgeoisie