this post was submitted on 06 Feb 2024
930 points (94.4% liked)
Memes
45719 readers
1062 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Late Stage Capitalism, Crony Capitalism, pretty much textbook.
It’s not late stage capitalism or crony capitalism or über capitalsm: it’s capitalism.
That's what "late stage capitalism" means though. Not some distinct subset of capitalism, just the inevitable result of capitalism + time. The later you get, the more extreme the inherent problems become. Late stage capitalism is a declaration of degree, not type.