Ground rent drove feudalism just as profit drives capitalism

Evidence

7 Profit emerged as the main economic driver only after capitalism deposed feudalism. Under feudalism, it was ground rent that functioned as society’s economic driver. … Profit was, of course, always present and always welcome, except that it did not become society’s main driver until capital replaced land as the main source of power. See Chapter 4 of Talking to My Daughter for more. — Yanis Varoufakis, Technofeudalism, 1026

Categorization

• XREF: The historical pivot grounds Varoufakis’s whole platform-rent thesis — rent was the pre-capitalist driver returning today. — connects to: The defining shift to technofeudalism is rent defeating profit. — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 458; Rent survived capitalism’s golden age embedded within its genome. — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 469; Private equity asset-stripping is feudal rent extraction, not wealth creation — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 434
• ADDENDUM: Feeds the ‘On Sacrifice’ article’s theme of how elite extraction stabilized stratified societies across regimes.
• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 1026

Broader Connections

• Private equity asset-stripping is feudal rent extraction, not wealth creation #exemplifies (0.78) — Yanis Varoufakis, Technofeudalism, 434