Second Industrial Revolution networks created no new class to challenge capitalists

Evidence

The technological breakthroughs of the Second Industrial Revolution – the electricity grids, the telegraph, later the telephone, highways packed with automobiles, television networks – these expansive networks of phenomenal machinery may have spawned Big Business, Big Finance, the Great Depression, the War Economy, Bretton Woods, the post-war technostructure, the European Union and built the modern world that your generation and mine took for granted, but they gave rise to neither a new type of capital nor a new class who could challenge the capitalists for dominance. — Yanis Varoufakis, Technofeudalism, 380

Categorization

• XREF: Contrasts against Marx’s claim that each mode of production generates the class that supersedes it — and against this book’s own thesis that digital networks did. — connects to: Capitalism produced revolutionary classes at both poles of its expropriation — Cedric J. Robinson, Black Marxism_ The Making of the Black…, 1286
• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 380

Broader Connections

• Capitalism produced revolutionary classes at both poles of its expropriation #contradicts (0.82) — Cedric J. Robinson, Black Marxism_ The Making of the Black…, 1286