Central bankers inadvertently financed capitalism’s own demise

Evidence

In their minds, they have been saving capitalism. In reality, they have been upending it by helping to finance the emergence of cloud capital. But that’s how history arrives: on the coat-tails of unintended consequences. — Yanis Varoufakis, Technofeudalism, 388

Categorization

• APHORISMS: ‘History arrives on the coat-tails of unintended consequences’ — a keeper line about how unintended consequences drive epochal change.
• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 388
• XREF: connects to: Capitalist social failures are actually successes for capital’s own logic — Clara E. Mattei, Escape from Capitalism, 381; Capital itself, mutated into cloud capital, has killed capitalism — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 12; “Controlled disintegration” was an explicit central-bank strategy, not an accident — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 213 (+5 more)

Broader Connections

• Central banks funded cloud capital that destroyed market sovereignty #expands (0.92) — Yanis Varoufakis, Technofeudalism, 440
• State intervention made capitalist exploitation political and thereby threatened capitalism itself #expands (0.85) — Clara E. Mattei, Escape from Capitalism, 173
• Central banks were trapped into a doom-loop of falling interest rates #expands (0.78) — Yanis Varoufakis, Technofeudalism, 415