“We are willing to put all our technostructure at the disposal of the EFSF.”

According to Economist John Kenneth Galbraith, the efficiency of these corporate cornucopias reflects the fact that decisive power within them is exercised not so much by headstrong top leaders as by an unemotional "technostructure" composed of specialized middle-level experts.

Well-schooled technicians and managers—the "technostructure"—run the show.

The technostructure's chief aim is self-perpetuation through corporate growth.

Galbraith has an ungainly name for the new elite: the technostructure.