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"Late Stage" as a term means "right before it fails." People have been calling capitalism "Late Stage" for decades.
by BobaFloutist 1y ago
"Late Stage" as a term means "right before it fails."
People have been calling capitalism "Late Stage" for decades.
- int_19h 1y agoThe distinct term "late stage capitalism" is exactly 100 years old, in fact. Given that the entire history of capitalism spans several centuries, I don't think the term is even necessarily wrong. But it certainly has nothing to do with declining standards of quality - that is a much more recent phenomenon.