A distinct managerial class merged government and corporate power within capitalism

Evidence

Galbraith coined the term technostructure to denote the de facto merger of US government departments and corporations whose interchangeable band of professional managers, marketers, analysts, financiers and engineers stood out as a class quite distinct from capitalists and workers. While Galbraith’s technostructure never threatened to undermine capitalism (indeed, it did the opposite - see Chapter 2), there are clear trajectories leading from it to our technofeudal order half a century later (see Chapters 3 and 4). — Yanis Varoufakis, Technofeudalism, 902

Categorization

  • DEFINE: Defines technostructure as a precursor concept to technofeudalism, useful for distinguishing Varoufakis’s term from Galbraith’s.
  • corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 902
  • XREF: connects to: State wartime intervention exposed the natural order of capitalism as a political choice — Clara E. Mattei, Escape from Capitalism, 169; 1930s planning consensus elevated bureaucracies and the M-form over individual entrepreneurship — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 271; Postwar American capitalism embedded corporations in stabilizing labor institutions — Shoshana Zuboff, The Age of Surveillance Capitalism, 1590 (+13 more)

Broader Connections