I think you've turned this into some sort of word game and no, your examples still don't work. We can call something a developing country because we know what a

I think you've turned this into some sort of word game and no, your examples still don't work. We can call something a developing country because we know what a developed country looks like. We cannot call something a late capitalist country because we do not know what a post-capitalist country looks like. My complaint was merely that the term "late capitalism" implies that we are in a late stage of a process, that it will be surpassed soon, and that something new will come after. That's how the term is used, in the article posted and in general. Direction is not implied. It's a description of state of capitalism under domination of multinational corporations, consumerism, increasing commodification of life (seems to be the part author had in mind), growing inequality. And it was described in 1902. The term is not used to refer to the entire 20th century. It's used to refer to a more recent era.