Technofeudalism bifurcates the green agenda into rival fiefs that fossil firms exploit

Evidence

Speaking of miracles: given capitalism’s inherent tendency to deplete the commons, it was always going to take an enormous one for our species to escape climate catastrophe. Technofeudalism’s advance makes this miracle even more improbable. The Age of Cloud Capital erects two obstacles in the path of climate change amelioration. One obstacle operates at the level of politics and is obvious. A grand deal between the United States, the European Union, China (not to mention Brazil, Russia, India and South Africa) is a prerequisite for limiting climate warming to levels consistent with our species’ survival. In the shadow of this New Cold War, the best we can now hope for are two separate green transitions, one in each super cloud fief – a bifurcation of the global green agenda which, I fear, will play into the hands of fossil fuel conglomerates who will find ways to play one off against the other, allowing them to keep drilling. — Yanis Varoufakis, Technofeudalism, 630

Categorization

• XREF: Extends the climate-obstacle theme from earlier chapters — two super cloud fiefs replacing a unified global green deal. — connects to: Science denialism, carbon trading, and geoengineering together form a coordinated neoliberal climate strategy. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 926; Carbon permit markets divert emissions curbs into market-making technicalities — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 928; Technofeudalism displaces capitalism by substituting cloud capital for terrestrial capital. — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 849 (+2 more)
• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 630

Broader Connections

• Technofeudalism displaces capitalism by substituting cloud capital for terrestrial capital. #expands (0.82) — Yanis Varoufakis, Technofeudalism, 849
• Capitalism’s resilience comes from its plasticity in adopting new social forms #expands (0.72) — Shoshana Zuboff, The Age of Surveillance Capitalism, 1647