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.
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!
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!
by ZUCK_NEEDS_UR_BLOOD June 5, 2017
Get the late capitalism mug.Economic system that's doomed to abolish itself by its very nature. Forms a Darwinian free market in which monetary profit is the only objective. In essence: modern slavery.
Unscrupulous competition is the main drive behind said accumulation of money in which some will inevitably lose. Vital technological progress is accelerated and being utilized to increasingly replace human workers in order to cut the costs and maximize profits.
In this last stage, the bulk of the population for which those goods and services should have been produced in the first place is left on the streets without income and thus cannot purchase any of them. It's the war of everyone against everyone, in a battlefield of abundance. Finally, the system implodes.
Instead of taking advantage of technological progress, that could free everyone from the necessity to work, and reform the money system by granting everyone a basic income, or issue a new currency every year where all excess money not spend is deleted from the system - or by removing money altogether and let personal nano-factories provide all the things one needs - politicians and other influential mouthpieces, who have more than enough wealth, demand even more jobs.
This only shows that a crapitalist economy is not beneficial for humans in any way, as it does not serve humanity but rather that humanity serves a blind, abstract monster.
Unscrupulous competition is the main drive behind said accumulation of money in which some will inevitably lose. Vital technological progress is accelerated and being utilized to increasingly replace human workers in order to cut the costs and maximize profits.
In this last stage, the bulk of the population for which those goods and services should have been produced in the first place is left on the streets without income and thus cannot purchase any of them. It's the war of everyone against everyone, in a battlefield of abundance. Finally, the system implodes.
Instead of taking advantage of technological progress, that could free everyone from the necessity to work, and reform the money system by granting everyone a basic income, or issue a new currency every year where all excess money not spend is deleted from the system - or by removing money altogether and let personal nano-factories provide all the things one needs - politicians and other influential mouthpieces, who have more than enough wealth, demand even more jobs.
This only shows that a crapitalist economy is not beneficial for humans in any way, as it does not serve humanity but rather that humanity serves a blind, abstract monster.
by Anony-Mouse0202 November 14, 2012
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Also called Marxist Capitalism. A form of capitalism where you are paid in social benefits instead of money and/or your social benefits are determined by how much work you do. This economic type was the main economic type in the Soviet Union. While this economic type is often referred to as communism, it is much closer to capitalism.
by Shugunou March 31, 2023
Get the Communist Capitalism mug.A factor that represents the promotion, perpetuation, and persuasion of economic influence to maintain the status quo for the one percent in power.
Economic treason results from the occupation of labor forces in countries other than that of residing corporate board directors where profit values are substantiated by the SEC (Socially Engineered Capitalism).
by Mikal Machievelli December 5, 2011
Get the SEC (Socially Engineered Capitalism) mug.A version of capitalism based on telling people what to buy and how to live in order to force them to behave in ways that solves climate change.
Often involves establishing rules around what people 'can do' and therefore what they 'cannot do'.
The concept was designed in Australia as an alternative to 'cannot-do' capitalism, where people were empowered to make their own choices as there were no rules proscribing what they could not do. Also related to laissez faire economics.
Often involves establishing rules around what people 'can do' and therefore what they 'cannot do'.
The concept was designed in Australia as an alternative to 'cannot-do' capitalism, where people were empowered to make their own choices as there were no rules proscribing what they could not do. Also related to laissez faire economics.
by Aceyducey November 10, 2021
Get the can-do capitalism mug.Something I'd probably advocate if what the rich wanted us to believe was actually true, that the poor are lazy and the rich are hard working.
Moron: I'm a capitalist because I know that every poor person is lazy and that if I work hard, I'll be rich because only hard workers get rich.
Smart guy: So the rich never screw anyone over to get there?
Moron: Not at all! Don't let those stupid liberals convince you otherwise.
Smart guy: You think capitalism is perfect?
Moron: Yes!
Smart guy: So the rich never screw anyone over to get there?
Moron: Not at all! Don't let those stupid liberals convince you otherwise.
Smart guy: You think capitalism is perfect?
Moron: Yes!
by blackwhitebrown9 November 7, 2010
Get the Capitalism mug.From 'a' meaning 'without' and 'arch' meaning rulers plus capitalism. In other words capitalism without rulers. Rulers are taken as the state, whilst the term 'capitalism' included is taken to coincide with the liberal definition of capitalism as opposed to the Marxist one. That of freedom only finishing where the freedom of another is curtailed.
Anarcho-capitalism would be like now but without drug prohibition hence without drug gangs; without taxes hence without low wages and economic underperfomance; without the state hence without war.
by Robin d'Hood May 11, 2007
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