I think "Late" Capitalism is a term which is mis-named. Yes, capitalism has been around a long time and has gone through a few periods which have different features, but we don't know how long it will last.
The other aspect to this is the rise of the importance of the finance industry which has a larger role in the economy than it has had in the past, and hence more power.
Of course, the market failure of climate change may well see capitalism replaced by something else sooner rather than later, we'll see although societal change tends not to be quick so maybe we won't see.
DS
The other aspect to this is the rise of the importance of the finance industry which has a larger role in the economy than it has had in the past, and hence more power.
Of course, the market failure of climate change may well see capitalism replaced by something else sooner rather than later, we'll see although societal change tends not to be quick so maybe we won't see.
DS