Capital in hand yields no power over workers without capitalism.

Evidence

The main cause of Peel’s failure was unimaginable to him. His plans were meticulous. Yes, there would be hardships, from bad crops and resistance from Native Australians to tussles with the local colonial authorities. However, with his political clout, skilled English workers, top-notch imported capital goods, and with enough money to pay the workers and buy the necessary raw materials for a long while, he thought he had everything in hand. Alas, as Karl Marx quipped decades later, there was one thing Peel had failed to bring from England: capitalism! — Yanis Varoufakis, Technofeudalism, 253

Categorization

• XREF: connects to: Capital confers power over workers only when workers lack land alternatives — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 254

Broader Connections

• Capital confers power over workers only when workers lack land alternatives #corroborates (0.85) — Yanis Varoufakis, Technofeudalism, 254