No one planned the rise of cloudalist power

Evidence

Remarkably, as with all historic transformations, no one planned it. No capitalist imagined becoming a cloudalist. No central bankers aimed at funding the cloudalists. No politicians saw the damage cloud capital would inflict upon democratic politics. In the same way that capitalism came about against the will of everyone, including the kings and bishops as well as the peasants, the rise of the cloudalists happened out of sight and behind the back of the vast majority, including the most powerful of historical agents. β€” Yanis Varoufakis, Technofeudalism, 445

Categorization

  • XREF: Echoes the reader’s wider sources on emergent, unplanned institutional transformation (spontaneous orders, unintended consequences). β€” connects to: Cloudalists had to build their rent-extraction powers from nothing. β€” Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 495; No government has a fully determinate plan for every foreseeable contingency β€” Thomas C. Schelling, The Strategy of Conflict, 457
  • corroborated: 2 independent passages support this claim β€” Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 445

Broader Connections