Earlier quoted context omitted.
No - the term Late Stage Capitalism gets thrown around a bunch as a scarecrow for anything seemingly bad going on, but in this case it’s more likely a symptom of lack of education of materials and/or people not caring, and resource depletion/competition due to overpopulation and rise in living standards across the world. > With clothes / appliances etc we have reduced quality at our expense - while the companies doin…
Capitalism gives the market what it demands. You can't tell consumers what they should want. Government failure an cultural malaise are what "late stage capitalism" predicts. It then predicts a collapse of the whole thing under its own weight. It doesn't, however, give any pointers on where to go from there.
Why does marketing and advertising exist then?
> Government failure and cultural malaise are what "late stage capitalism" predicts. It then predicts a collapse of the whole thing under its own weight.
If capitalism gives what the market demands, then you are suggesting that The People want government failure and malaise.
Either your premise is wrong or Late Stage Capitalism is wrong. Likely both.
Terms like Late Stage Capitalism are just there to give you something nice to hold on to and use as your scarecrow for anything bad you see in the world. An intellectual crutch, a helping hand into the graveyard. Car recall? Late Stage Capitalism! Forest fire? Climate change - late stage capitalism. Teeth fell out? Late Stage Capitalism. Covid-19 vaccines or a cure for cancer? Hmm somehow still Late Stage Capitalism.
And now you have your answer to why the world sucks and even better, Late Stage Capitalism says nothing about what comes next! No reason to do anything about it, like support the arts or educate a child, because it’s just Late Stage Capitalism after all.
Hopeless and failed ideologies (Communism/Socialism) love to generate destructive and useless distractions and slogans. Reject them!