LATE-STAGE CAPITALISM
Late-stage capitalism is a term used to describe the idea that capitalism has reached a more extreme and unstable phase, where its problems become more visible and intense. The phrase is often used to talk about things like: Extreme inequality: a small group accumulates enormous wealth while many struggle to afford housing, healthcare, or food. Commodification of everything: more and more parts of life become things to be bought and sold — education, relationships, attention, even personal data. Corporate domination: huge companies like Amazon , Google , or BlackRock have enormous influence over economies and politics. Precarious work: gig jobs, unstable contracts, low wages, and fewer protections for workers. Consumer excess + social decay: endless advertising and consumption alongside loneliness, burnout, debt, and environmental damage. Crisis as normal: financial crashes, housing crises, climate problems, and political instability become recurring features rather than except...