πŸ“š node [[cloud capital]]

Cloud capital

Cloud [[Capital]].

A term from [[Yanis Varoufakis]] in [[Technofeudalism: What Killed Capitalism?]]

Unlike traditional capital, from fishing rods to the steam-engines of the Industrial Revolution to today’s modern industrial robots that are produced means of production, cloud capital does not produce anything – it comprises machines manufactured so as to modify human behaviour.

– Technofeudalism -a video essay summarising the book - Yanis Varoufakis

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