I'm not sure what part of that classifies it as Late Stage Capitalism. The Hulks Act was passed in 1776. The 13th amendment in 1865 explicitly carves it out

I'm not sure what part of that classifies it as Late Stage Capitalism. The Hulks Act was passed in 1776. The 13th amendment in 1865 explicitly carves it out "neither slavery nor involuntary servitude, except as a punishment for a crime"