Cloud capital’s dominance made confronting China’s cloudalists necessary for US hegemony

Evidence

The underlying logic of these prohibitions was a straightforward extension of the same thinking, adapted to the circumstances of a post-2008 technofeudal world: with cloud capital dominating terrestrial capital, the maintenance of US hegemony requires more than preventing foreign capitalists from buying up US capitalist conglomerates, like Boeing and General Electric. In a world where cloud capital is borderless, global, capable of siphoning cloud rents from anywhere, the maintenance of US hegemony demands a direct confrontation with the only cloudalist class to have emerged as a threat to their own: China’s. — Yanis Varoufakis, Technofeudalism, 565

Categorization

• XREF: Parallels the reader’s platform-vs-capitalism thesis: the New Cold War is presented as an instance of cloud capital superseding terrestrial capital. — connects to: China’s cloudalists are fused with state functions that Silicon Valley lacks — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 579
• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 565

Broader Connections

• China’s cloudalists are fused with state functions that Silicon Valley lacks #expands (0.85) — Yanis Varoufakis, Technofeudalism, 579