"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:
“Sir Andrew Aguecheek. I know, to be up late is to be up late.
Sir Toby Belch. A false conclusion. I hate it as an unfilled can. To be up after midnight and to go to bed then, is early; so that to go to bed after midnight is to go to bed betimes.”
—William Shakespeare (1564–1616)
“... the greatest bulwark of capitalism is militarism.”
—Emma Goldman (1869–1940)