Power shifts with each era’s dominant privately-owned productive asset

Evidence

Under feudalism, the power of the ruling class grew out of owning land that the majority could not own, but were bonded to. Under capitalism, power stemmed from owning capital that the majority did not own, but had to work with to make a living. Under technofeudalism, a new ruling class draws power from owning cloud capital whose tentacles entangle everyone. — Yanis Varoufakis, Technofeudalism, 777

Categorization

  • DEFINE: A crisp three-stage schema distinguishing feudalism, capitalism, and technofeudalism by what the ruling class owns and how the rest relate to it.
  • corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 777
  • XREF: connects to: Each era produces its own distinct capitalist class; Automated production shifts wealth creation from labor time to scientific knowledge — Herbert Marcuse, One-Dimensional Man: Studies in the…, 198; The modern-to-postmodern shift correlates with capitalism’s transformation from monopoly to multinational — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 374 (+4 more)

Broader Connections