The Marxist Case for the Technofeudal Hypothesis

The author argues that a new form of capital called "cloud capital" has emerged—consisting of networked machines that generate wealth through rent extraction rather than commodity production, operating outside traditional markets. This mutation represents a shift from classical capitalism that Marxist analysis must now confront and study to understand contemporary economic systems. The author contends that updating Marx's analytical method to examine this novel form of capital is essential for modern Marxist theory.