Modern power transferred from land ownership to capital ownership.
Evidence
Then something strange happened: power decoupled from land and vested itself, to a previously unparalleled degree, in owners of something called capital instead. What’s capital? It’s not money, even though money can buy you capital – in the same way it can buy you land, gizmos, good publicity. And it’s not weapons, even though weapons can help you expropriate capital as well as land. — Yanis Varoufakis, Technofeudalism, 247
Categorization
- DEFINE: Establishes what capital is not (money, weapons) to build toward its distinctive command power.
- XREF: connects to: Enclosing common lands converted capital into a commanding power that subordinated the old aristocracy. — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 258; A new form of capital with unprecedented commanding power now dominates the world — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 259; Power shifts with each era’s dominant privately-owned productive asset — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 777 (+4 more)
Broader Connections
- Commodification of common land vaulted capital past landowner supremacy globally
#corroborates(0.88) — Yanis Varoufakis, Technofeudalism, 258 - Enclosing common lands converted capital into a commanding power that subordinated the old aristocracy.
#corroborates(0.85) — Yanis Varoufakis, Technofeudalism, 258 - Power shifts with each era’s dominant privately-owned productive asset
#qualifies(0.85) — Yanis Varoufakis, Technofeudalism, 777 - A new form of capital called cloud capital has emerged with unprecedented commanding power.
#expands(0.80) - A new form of capital with unprecedented commanding power now dominates the world
#qualifies(0.78) — Yanis Varoufakis, Technofeudalism, 259 - Capital confers power over workers only when workers lack land alternatives
#qualifies(0.75) — Yanis Varoufakis, Technofeudalism, 254 - Terrestrial capital looks dominant today despite being superseded structurally.
#qualifies(0.72) — Yanis Varoufakis, Technofeudalism, 457