tl;dr: #Capitalism was about accumulation through production. Technofeudalism is about accumulation of 'assets' through depletion (like The Matrix). It's a system where those assets (digital platforms, data, natural resources, AI models, your body, your mind/attention, etc) are enclosed like medieval land/trapped like a walled garden (on the wrong side of the grass, if that fact was invisible to you)/like the matrix, and 'wealth' is extracted through rents, not profits.
Profit (capitalism) requires markets, circulation, innovation, risk. 'Rent' (technofeudalism) requires only ownership of assets; no markets, no innovation. A subscription model of sorts.
Every action ultimately feeds the lords (the machines, the extractors, the billionaires) and they hold so many assets that money itself becomes irrelevant—just an inflationary, symbolic reflection of what their holdings are "worth." For them, money is beneath concern; it’s left for the lower classes to fight over.
And these technofeudalists live like gods while everyone (including governments) and everything (including nature) struggles to survive. Capitalism eating itself while eating us, like a two for one deal. Three for one if you include governments, which are now essentially privatized and controlled by corporations. Scary shit.
