Terrestrial capital looks dominant today despite being superseded structurally.
Evidence
Wherever we look today we see capitalism. Capitalists continue to own almost everything and run the military-industrial complex. They dominate parliaments, government bodies, the media, central banks and all of the powerful global institutions such as the International Monetary Fund, the World Bank, the Paris Club and the World Trade Organization. Markets continue to rule the lives and shape the minds and imaginations of billions. Profit remains the holy grail for the masses struggling to get by, as well as those wealthy individuals who believe in profit-making as an end in itself. And just as the Napoleonic Wars gave feudal power a second wind, so the war in Ukraine and its inflationary effects is reviving the fortunes of terrestrial capital, even the moribund fossil fuel industry. — Yanis Varoufakis, Technofeudalism, 457
Categorization
- corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 457
- XREF: connects to: Modern power transferred from land ownership to capital ownership. — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 247