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
A misnomer given to an economic system where a central bank controls interest rates and promotes inflation. Interest rate signals from private banks are not market-based. Money is unsound.
Features: Declining wages for workers, damage to the manufacturing base, expansion of the government.
Features: Declining wages for workers, damage to the manufacturing base, expansion of the government.
A: Late capitalism is making life difficult.
B: Hey, dude, the difficulty has nothing to do with capitalism. The Fed is running a system of unsound money and not letting market forces work.
A: Then, let's end the Fed.
B: Hey, dude, the difficulty has nothing to do with capitalism. The Fed is running a system of unsound money and not letting market forces work.
A: Then, let's end the Fed.
by Rooster Zepheye April 1, 2020
We have reached late-stage capitalism. This is the era where businesses, investors and even the layperson will try everything they possibly can to capitalize on literally anything and every situation. The increasingly diverse stock industry and the booming crypto mining industry can be seen as one of the many aspects of late-stage capitalism. There is no single way to define late-stage capitalism, as the effects are most often seen on a micro scale and the scope is very broad as a result of the plethora of industries.
Some of the various examples of late-stage capitalism could include, but are not limited to: profiting off of your attractive physique, selling your personal data, selling your poop, dropshipping, house flipping, game companies making every single game pay-to-win, news corporations putting paywalls on their news sites, smartphone companies removing the headphone jack to save money, paying people to say positive affirmations, etc etc.
Essentially, it is capitalism but 10x more savage.
Some of the various examples of late-stage capitalism could include, but are not limited to: profiting off of your attractive physique, selling your personal data, selling your poop, dropshipping, house flipping, game companies making every single game pay-to-win, news corporations putting paywalls on their news sites, smartphone companies removing the headphone jack to save money, paying people to say positive affirmations, etc etc.
Essentially, it is capitalism but 10x more savage.
Thanks to the diverse range of markets, Jane was able to profit immensely from selling her bathwater, her used underwear, her poop, her sweat, her private browsing data, how many miles she walked, her emotions, her voice, and even her hair. Likewise, capitalists continue to venture into turning the most ordinary things into profitable commodities, while companies have lowered their standards to cut corners in every way possible to save money. This is late-stage capitalism in a nutshell.
by Mary Mary Quite The Contrarian May 4, 2021