"Late capitalism" is a term used by neo-Marxists to refer to capitalism from about 1945 onwards, with the implication that it is a historically limited stage rather than an eternal feature of all future human society. This period includes the era termed the golden age of capitalism.
The American literary critic and cultural theorist, Frederic Jameson, considered Rudolf Hilferding's term 'latest capitalism' - jüngste, or most recent, capitalism - a more prudent and less prophetic-seeming one than late capitalism. Derrida favoured neo-capitalism over post- or late-capitalism.
Read more about Late Capitalism: Origin of The Term, Background, Mandel, Valorization of Capital, Jameson, Critiques
Famous quotes containing the words late and/or capitalism:
“No such sermons have come to us here out of England, in late years, as those of this preacher,—sermons to kings, and sermons to peasants, and sermons to all intermediate classes. It is in vain that John Bull, or any of his cousins, turns a deaf ear, and pretends not to hear them: nature will not soon be weary of repeating them. There are words less obviously true, more for the ages to hear, perhaps, but none so impossible for this age not to hear.”
—Henry David Thoreau (1817–1862)
“Fact is Our Lord knew all about the power of money: He gave capitalism a tiny niche in His scheme of things, He gave it a chance, He even provided a first instalment of funds. Can you beat that? It’s so magnificent. God despises nothing. After all, if the deal had come off, Judas would probably have endowed sanatoriums, hospitals, public libraries or laboratories.”
—Georges Bernanos (1888–1948)