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This term is a combination of spin and wishful thinking by Marxists. Capitalism isn't going anywhere.

• erikpukinskis 10y ago
  Capitalism will never go away. Just as monarchism still exists on various corporate boards in some form. And just as anarchism still exists in some form in a capitalist society. But capital allocation will cease to be the dominant protocol for social organization.
  • gozur88 10y ago
    I don't see any realistic alternative. Capitalism creates wealth more efficiently than any other system, and over the long run even the poorest people in a capitalist country will be wealthier than people in countries with command economies. The problems we're having today result from corruption, which can happen with any system.
    • goalieca 10y ago
      What if, and this is a big what if, computer science could solve the efficiency problem of a centralized economy.
      • thescribe 10y ago
        It seems to me that would just make the programmer the central planner.
• AnimalMuppet 10y ago
  I suspect that Marx thought we were in "late stage capitalism" in 1848. (He may not have used the term, but it seems to fit what he thought and said.)
  • gozur88 10y ago
    He very much did. And it looked to be more true then than now.