"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 capitalism, late and/or capitalism:
“The more the development of late capitalism renders obsolete or at least suspect the real possibilities of self, self- fulfillment and actualization, the more they are emphasized as if they could spring to life through an act of will alone.”
—Richard Dean Rosen (b. 1949)
“The value of old age depends upon the person who reaches it. To some men of early performance it is useless. To others, who are late to develop, it just enables them to finish the job.”
—Thomas Hardy (1840–1928)
“When man has nothing but his will to assert—even his good-will—it is always bullying. Bolshevism is one sort of bullying, capitalism another: and liberty is a change of chains.”
—D.H. (David Herbert)