this post was submitted on 06 Feb 2024
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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.