---
cover: "[[Technofeudalism - What Killed Capitalism COVER.webp]]"
tags:
  - 📚Book
title: Technofeudalism
subtitle: What killed Capitalism
author:
  - "[[Yanis Varoufakis]]"
---

![[Technofeudalism - What Killed Capitalism COVER.webp]]
a book by [[Yanis Varoufakis]]

# Notes

Markets and Profits are the tenets of Capitalism
They have been replaced

Markets -> Digital Trading Platforms
Profits -> Rent

Cloud Capital = the mutation of capital

Cloud Rent = a rent that must be paid to access those cloud enabled platforms

what is the difference between rent and profit?

> Arithmetically, there is no difference: both rent and profit amount to money left over once costs are paid for. The difference is subtler, qualitative, almost abstract: **profit is vulnerable to market competition, rent is not**. (Page 121)

Cloudalist = the new feudal lord

> Gone is the time when, to collect their rent, feudal lords employed thugs to break their vassals's knees or spill their blood. The cloudalists don't need to deploy bailiffs to confiscate or to evict. Instead, every vassal capitalist knows that with the removal of a link from their cloud vassal's site they could lose. access to the bulk of their customers. (Page 128) 

> cloudalists know they can destroy any third-party developer (i.e. vassal capitalist), eking out a living on their cloud fief, who dares to contact one of their users (i.e. cloud serfs) without first paying a cloud rent. (page 181)

# Terminology

[[Cloud Capital]]
[[Cloud Rent]]
[[Cloudalist]]
[[Vassal Capitalist]]
[[Cloud Serfs]]

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Hub:: [[📇 My books collection]]