Central bank printed money flows only to Big Business and cloud capital
Evidence
Fearing that run-of-the-mill businesses would not be able to repay them, the financiers lent the central bank money only to Big Business. And Big Business either refused to invest or invested solely in cloud capital. — Yanis Varoufakis, Technofeudalism, 375
Categorization
- corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 375
- XREF: connects to: The war economy handed Big Business guaranteed profits and immunity from competition — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 141; Central banks funded cloud capital that destroyed market sovereignty — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 440; Even pandemic-losing platforms invested central bank money in cloud capital — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 377 (+1 more)
Broader Connections
- Cloudalists never persuaded central banks to fund them
#contradicts(0.95) — Yanis Varoufakis, Technofeudalism, 387 - Central banks funded cloud capital that destroyed market sovereignty
#corroborates(0.90) — Yanis Varoufakis, Technofeudalism, 440 - Even pandemic-losing platforms invested central bank money in cloud capital
#corroborates(0.85) — Yanis Varoufakis, Technofeudalism, 377