Marc Andreessen
speaker
25,592 appearances
50 recordings
3 series
first heard Oct 2024
last heard 1 Aug
Marc Andreessen’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 26 in all, peaking in Jan 2026 with 6.
Appearances
And so he said the second phase of capitalism was what he called managerial capitalism, which was the creation of a professional class of managers that are trained not to be like car experts or to be whatever experts in any particular field, but are trained to be experts in management.
And then that led to, you know, the importance of like Harvard Business, you know, business schools and management consulting firms and all these things.
And then you look at every big company today and like most of the executives and most of the Fortune 500 companies are not domain experts in whatever the company does.
And they're certainly not the founders of those companies, but they're professional managers.
And in fact, in the course of their careers, they'll probably manage many different kinds of businesses.
They'll rotate around and they might work in health care for a while and then work in financial services and then go work in something else, you know, come work in tech.
And what Burnham said is he said that transition is absolutely required because the problem with bourgeois capitalism is it doesn't scale.
Henry Ford doesn't scale.
And so if you're going to run capitalist enterprises that are going to have millions to billions of customers, they're going to be operating a level of scale and complexity that's going to require this professional management class.
And he said, look, the professional management class has its downsides.
Like they're not necessarily experts at doing the thing.
They're not as inventive.
You know, they're not going to create the next breakthrough thing.
But he's like, whether you think that's good or bad or whatever, it's what's going to be required.
And basically that's what happened.
Right.
And so he wrote that book originally like 1940, you know, over the course of the next 50 years, basically managerialism.
No, I mean, today, up till today, managerial managerialism basically took over everything.
And, you know, what I'm describing is basically how all big companies run and how all governments run and how our large scale nonprofits run and kind of everything, everything runs.
Basically, what Venture Capital does is we basically are a rump sort of protest movement to that to try to find the next Henry Ford or just to say Elon Musk or the next Elon Musk or the next Steve Jobs, the next Bill Gates, the next Mark Zuckerberg.
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