3 ms·
> "late stage capitalism" The term is 100 years old and was created to refer to everything after WWI. I don't think people using the term would actually subscr
by legitster 2y ago
> "late stage capitalism"
The term is 100 years old and was created to refer to everything after WWI. I don't think people using the term would actually subscribe to the idea that human development under capitalism peaked in the 1910s.
Furthermore, the entire concept was developed as a justification for the Nazi party and their economic ideas. Which I think is justification enough that people should stay away from lazy, doomy political tropes.