Capitalism Faces Terminal Structural Transformation Worldwide
Scholars including Wolfgang Streeck, Richard Westra, McKenzie Wark, and Yanis Varoufakis argue that capitalism is undergoing systemic transformation, advancing concepts such as 'polycrisis,' the rise of an intangible 'vectoralist' economy, and 'technofeudalism.' Streeck and Westra emphasize commodification, labor reproduction breakdowns, and rentier dynamics, while Wark and Varoufakis highlight new elites controlling information vectors and cloud platforms, implying major shifts in production and inequality.
Scoring Rationale
Conceptual synthesis of established theorists provides context, but lacks empirical evidence and direct practical guidance.
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