A new form of capital with unprecedented commanding power now dominates the world

Evidence

Capital’s commanding power, its hidden force, reshaped the world: from its genesis some two hundred years ago to the erection of the post-war technostructure to the Global Minotaur’s rise and eventual fall in 2008. Today, however, we are witnessing the rise of a new form of capital with a capacity to command so unprecedented that it behoves us to rethink entirely the system to which it gave its name. I call it cloud capital. — Yanis Varoufakis, Technofeudalism, 259

Categorization

• DEFINE: Introduces the book’s central neologism, cloud capital, and frames it as the successor to capitalist command.
• SEED: Strong essay-opening move: defining capital by commanding capacity rather than productivity, then naming its latest incarnation, makes a compact provocation.
• XREF: connects to: Modern power transferred from land ownership to capital ownership. — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 247; A new form of capital called cloud capital has emerged with unprecedented commanding power.; Capitalism’s final crisis has birthed a new system of concentrated power — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 240

Broader Connections

• A new form of capital called cloud capital has emerged with unprecedented commanding power. #corroborates (0.97)
• Capitalism’s final crisis has birthed a new system of concentrated power #corroborates (0.75) — Yanis Varoufakis, Technofeudalism, 240