Profit and Markets Dethroned – Technofeudalism replaced capitalism’s twin pillars – Profit (2.4 and 3.3) and Markets (1.0 and 3.4) – with its own twin pillars – Cloud Rent (9.2.3) and Cloud Fiefs (9.2.1). 11.3 Technofeudal Class System – Under technofeudalism, the cloudalists (a segment of the capitalist class who managed to accumulate considerable cloud capital) became our new ruling class, confining the rest of the capitalists (lacking sufficient access to cloud capital) to vassal class status (9.2.2). Meanwhile, waged workers are turning into increasingly precarious cloud proles (9.1.1) and
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