Could anything worse afflict a Europe dependent on the Dark Deal than the Dark Deal’s demise? Yes, there is something even worse: the gradual, worldwide shift of money and power from the capitalist to the cloudalist sphere. If my hypothesis is right, that cloud capital is overpowering terrestrial capital, sucking cloud rent increasingly out of the global value chain, then Europe is in deep trouble. Because Europe is not China. It lacks a single Big Tech company that can compete with those of Silicon Valley and its financial systems are wholly reliant on Wall Street. Europe’s lack of cloud
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