>assetocracy
That's an interesting neologism, but the existing term for "rule by whoever controls the most expensive assets" is "capitalism"
That's an interesting neologism, but the existing term for "rule by whoever controls the most expensive assets" is "capitalism"
Capitalism certainly favors those with the most... capital, but there are quite a few other factors. Market fit, efficiency, etc. The Dutch East India Company had the most assets, yes, but also the best ships and a killer (literally) business model.
The notion of a sector where success is determined almost entirely by who can stockpile the most assets (GPUs in this case) is a somewhat unique situation and probably merits its own term