"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
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