Networked digital technologies spawned by capitalism are enabling its replacement by technofeudalism

Evidence

Dad, it was capitalism’s Achilles heel, after all: the digitally networked technologies that capitalism spawned proved its comeuppance. The result? Humanity is now being taken over by something that I can only describe as a technologically advanced form of feudalism. A technofeudalism that is certainly not what we had hoped would supersede capitalism. — Yanis Varoufakis, Technofeudalism, 116

Categorization

• DEFINE: First statement of the book’s central coinage — technofeudalism as a technologically advanced form of feudalism replacing capitalism.
• XREF: Links to the reader’s existing platform-capitalism reading; this is the book’s provocateur counter-thesis to it. — connects to: Corporate technostructures centralized American capitalism decades before platform feudalism emerged — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 157; Capitalism is dead and has been replaced by technofeudalism — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 12; Digital platforms have displaced markets and profit with feudal rent extraction — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 16 (+6 more)

Broader Connections

• Digital networks that capitalism spawned are replacing capitalism with a new feudalism. #corroborates (0.98)
• Technofeudalism displaces capitalism by substituting cloud capital for terrestrial capital. #expands (0.90) — Yanis Varoufakis, Technofeudalism, 849
• The internet shattered capitalism’s evolutionary fitness rather than defeating or entrenching it #qualifies (0.80) — Yanis Varoufakis, Technofeudalism, 232
• Crypto functions as a utopian reaction to technofeudalism #responds-to (0.75) — Yanis Varoufakis, Technofeudalism, 677