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Unrelated, but the phrase "late stage capitalism" intrigues me. It hints that capitalism is about to end, in some magnificent marxist prophecy, but that's prett
by breppp 2y ago
Unrelated, but the phrase "late stage capitalism" intrigues me. It hints that capitalism is about to end, in some magnificent marxist prophecy, but that's pretty presumptuous to say the end of 400+ years economic system is near
- rescripting 2y agoThe term goes all the way back to 1928, so it’s not exactly a new idea. It doesn’t imply the end of anything, just that eventually you run out of things to privatize.
- breppp 2y agoYes because back then the belief capitalism was doomed was rife But after the fall of the USSR and the general joke which was scientific socialism, i expected that to disappear
- valiant55 2y agoThat's the hope but it's more like Pokemon in that late stage capitalism is the grotesque final evolution of capitalism.