The Rise of Cloud Capital and Technofeudalism

The chapter delves into the concept of Technofeudalism, where power is shifting from traditional owners of land and machines to owners of cloud capital residing in digital devices and platforms, leading to digital fiefdoms extracting 'cloud rent'. It explores how this new form of capital is mutating from traditional capitalism and influencing global economies, potentially leading to a cold or hot war between the US and China. The discussion compares tech giants like Samsung, Meta, and Google to kings in a neo-feudal system, considering whether their control is a new phase of capitalism or an entirely different phenomenon.