Capital can flourish even after capitalism itself dies.

Evidence

Yes, capital still exists and flourishes, even though capital ism does not. None of this ought to surprise you – after all, it is what you taught me. As consecutive mutations multiply the variants of an organism until, at some point, a brand-new species appears, so technological change proceeds within a social system until, suddenly, the system has been transformed into something quite distinct, though that doesn’t mean that all of the materials out of which the system is built – capital, labour, money – have necessarily changed. β€” Yanis Varoufakis, Technofeudalism, 234

Categorization

  • DEFINE: Establishes the central distinction between capital (the material) and capitalism (the system) that grounds the book’s whole thesis.
  • XREF: connects to: Capital itself, mutated into cloud capital, has killed capitalism β€” Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 12; Capital escaped the capitalist market, not labour β€” Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 365; Capitalism remains imaginable even in imagined apocalypse. β€” Mark Fisher, Capitalist Realism: Is There No…, 8

Broader Connections