Capital is both a commodity and a coercive social force.
Evidence
One is commodity capital, e.g. a fishing rod, a tractor, a company’s server, or any good that is produced to be used in the production of other commodities. Capital’s second nature, however, is nothing like a commodity. Suppose I discover that I possess tools you need in order to produce the stuff for your family’s survival, such as the aforementioned fishing rod, tractor, server. Suddenly I have acquired the power to make you do things, for example to work for me, in exchange for the use of my tools. Capital, in short, is both a thing (commodity capital) and a force (power capital) – just as labour is split between commodity labour and experiential labour. — Yanis Varoufakis, Technofeudalism, 76
Categorization
- DEFINE: Defines the commodity-capital vs power-capital split that the platform-feudalism thesis extends.
- XREF: Connects to the reader’s platform-rent work: rent is power-capital detached even from any need to own the commodity. — connects to: Capital is both a tool and a coercive force over others; Capital is a social relation conferring extractive power, not just machinery — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 792; Capital is a transcendent force that estranges life from itself — Byung-Chul Han, Psychopolitics: Neoliberalism and New…, 193
Broader Connections
- Capital is both a tool and a coercive force over others
#corroborates(0.95) - Capital is a social relation conferring extractive power, not just machinery
#expands(0.90) — Yanis Varoufakis, Technofeudalism, 792 - Capital is a transcendent force that estranges life from itself
#qualifies(0.75) — Byung-Chul Han, Psychopolitics, 193