'Capitalism is dead' with Yanis Varoufakis
My Wildest Prediction
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The Rise of Cloud Capital and the Cloud Lords
This chapter explores the emergence of cloud capital, a new form of capital that operates by collecting data from users and training algorithms to make personalized recommendations. It discusses how this system leads to the accumulation of income for the 'cloud lords' and highlights the transition of companies like Walmart into the cloud space to compete with Amazon. The chapter also touches on the author's book, its tone, and the increasing concentration of income in the hands of a few.
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