Capital escaped the capitalist market, not labour
Evidence
In your youth, you dreamed of a time when labour would shake off the yoke of the capitalist market. So did I. Alas, something more like the opposite happened: it is capital that has shaken off the yoke of the capitalist market! And while capital is taking its victory lap, capitalism itself is receding. A sophism to sweeten the pill of our defeat? Not so – as I intend to show in Chapter 5. For now, however, let us address perhaps the most surprising and compelling aspect of capitalism’s demise: the story of how the cloudalists pulled off this astonishing feat and how, for them, profit, once the driving force of our capitalist economies, became … optional. — Yanis Varoufakis, Technofeudalism, 365
Categorization
- DEEPTHINKING: A genuinely paradigm-reversing claim: the overthrow of capitalism comes from capital itself, making profit optional. Central contradiction of the entire book, dense and worth sitting with.
- XREF: Directly the provocative counter-thesis to platform capitalism that the reader bought the book for. — connects to: Capital itself, mutated into cloud capital, has killed capitalism — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 12; Capital can flourish even after capitalism itself dies. — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 234; Globalization was a political move by capital, not a technological fate — Chantal Mouffe, The Democratic Paradox, 525
- corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 365