The advanced stage of unmanaged capitalism
in which corporations and the wealthy, having run out of quick and easy paths to profit and economic growth, begin cannibalizing the societies in which they operate instead of investing in them.
Features: Declining wages for workers, privatization of government, dismantling of social services, sale of cultural & national heritage, debtor's prisons, corporate invasion of people's personal lives, and punishment (and ultimately enslavement) of the poor.
A: Did you hear that Zuckerberg is tearing down the national park to build his new fortified megamansion?
B: Yeah dude, wanna go to the Pepsi™-sponsored protest against it later?
A: Truly, late capitalism is the best system to live under.
A: Did you know that boomers
can now spend $8,000 to get transfusions of children's blood so they live longer?
B: Haha, late capitalism strikes again!