We live in a time of ‘late capitalism’. But what does that mean? And what’s so late about it?

Wed, 28 Dec 2022 20:24:27 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam

"The term “late capitalism” seems to be everywhere as a trending meme – often
used as a kind of shorthand to illustrate the absurdities of certain free
market economies.

On Twitter, you will find the hashtags #latecapitalism (English),
#tardocapitalismo (Italian), #capitalismotardio (Spanish), and
#spätkapitalismus (German), among others. Typically, they satirise notions such
as the idea of endless growth.

The term also pops up in a wide range of academic articles and books. There
are, for instance, discussions around the populist rise in late capitalism, the
increase in financial-related investments in late capitalism, migration
conditions in late capitalism, and so on.

But what are the origins of this term? And what, exactly, does it mean?"

       *** Xanni ***
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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