Why the Phrase 'Late Capitalism' Is Suddenly Everywhere
theatlantic.com
Why the Phrase 'Late Capitalism' Is Suddenly Everywhere
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Re: Why the Phrase 'Late Capitalism' Is Suddenly Everywhere
#2I thought the phrase was "late stage capitalism" – implying that capitalism is a disease like cancer.
Re: Why the Phrase 'Late Capitalism' Is Suddenly Everywhere
#3I thought the phrase was "late stage capitalism" – implying that capitalism is a disease like cancer.
I've seen some people and some attitudes out there that believe it really is. Some of the same people have no problem biting the hand that feeds them, it seems. Or rather, biting the hand that they're asking "please sir, can I have some more" of.
Re: Why the Phrase 'Late Capitalism' Is Suddenly Everywhere
#4This term is a combination of spin and wishful thinking by Marxists. Capitalism isn't going anywhere.
Re: Why the Phrase 'Late Capitalism' Is Suddenly Everywhere
#5It's not a new term. It's everywhere because socialist and social-democratic ideas are getting fairly popular in the US.
Re: Why the Phrase 'Late Capitalism' Is Suddenly Everywhere
#6I thought the phrase was "late stage capitalism" – implying that capitalism is a disease like cancer.
I've seen some people and some attitudes out there that believe it really is. Some of the same people have no problem biting the hand that feeds them, it seems. Or rather, biting the hand that they're asking "please sir, can I have some more" of.
So do you expect people who don't believe the system they're living with is not the best system to opt out and not make a living?
Re: Why the Phrase 'Late Capitalism' Is Suddenly Everywhere
#7I thought the phrase was "late stage capitalism" – implying that capitalism is a disease like cancer.
I've seen some people and some attitudes out there that believe it really is. Some of the same people have no problem biting the hand that feeds them, it seems. Or rather, biting the hand that they're asking "please sir, can I have some more" of.
Yeah, people can't get enough of those declining job prospects, wage inequalities and lack of social security provision.
Re: Why the Phrase 'Late Capitalism' Is Suddenly Everywhere
#8I'm looking forward to most of the comments here being variations on this comic: http://i.imgur.com/qM9ZJv3.png
As it turns out, one can in fact criticize something they participate in (especially when participation is necessary to survive).
Re: Why the Phrase 'Late Capitalism' Is Suddenly Everywhere
#9>"Mandel did warn about the forces of automation, globalization, and wage stagnation, and feared that they would tear at the social fabric by making workers miserable."
Funny. Most people are living better lives today in the era of High Capitalism than they ever have in the past. As technology growth - spurred by the incentives capitalism generates - continues, and new products and services are created by the capitalist system, people's lives will continue to improve.
What's beautiful about capitalism is that it, through automation, is eliminating drudgery and danger from people's work. Eventually when we reach very high levels of automation in society, we may be able to transition to an economy in which people don't have to work (much) but still get to own things through universal basic income or some other sort of scheme.
So no revolution needed to get us to the promised land folks. Capitalism is taking us there.
Re: Why the Phrase 'Late Capitalism' Is Suddenly Everywhere
#10I thought the phrase was "late stage capitalism" – implying that capitalism is a disease like cancer.
I've seen some people and some attitudes out there that believe it really is. Some of the same people have no problem biting the hand that feeds them, it seems. Or rather, biting the hand that they're asking "please sir, can I have some more" of.
You've got it backwards. The state feeds the capitalist system, not the other way around. There are states without capitalist economies, but no capitalist economies without states to provide basic property rights, defense, etc. What do you get when you drop Mark Zuckerberg, Sundar Pichai, and Satya Nadalla into the middle of Somalia or Yemen? Not titans of enterprise, just easy targets.