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What the hell does PMC mean? HBD was easy enough to google but no idea what this PMC thing is and I've seen it in multiple threads now.
Professional managerial class. It's a modification to the classical Marxist split between capital and workers. Where the Marxist viewed society as split between those who lived because they owned productive capital, and those who lived by selling their labor; the modern view includes the pmc as a powerful class because of the existence and prominence of public capital. The pmc are those who are able to direct capital to their benefit, even though they are nominally selling their labor.
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