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What is late capitalism?We have reached late-stage capitalism. This is the era where businesses, investors and even the layperson will try everything they possibly can to capitalize on literally anything and every situation. The increasingly diverse stock industry and the booming crypto mining industry can be seen as one of the many aspects of late-stage capitalism. There is no single way to define late-stage capitalism, as the effects are most often seen on a micro scale and the scope is very broad as a result of the plethora of industries. Thanks to the diverse range of markets, Jane was able to profit immensely from selling her bathwater, her used underwear, her poop, her sweat, her private browsing data, how many miles she walked, her emotions, her voice, and even her hair. Likewise, capitalists continue to venture into turning the most ordinary things into profitable commodities, while companies have lowered their standards to cut corners in every way possible to save money. This is late-stage capitalism in a nutshell. late capitalism - videoLate capitalism - what is it?A misnomer given to an economic system where a central bank controls interest rates and promotes inflation. Interest rate signals from private banks are not market-based. Money is unsound. A: Late capitalism is making life difficult. What does "late capitalism" mean?The advanced stage of unmanaged capitalism in which corporations and the wealthy, having run out of quick and easy paths to profit and economic growth, begin cannibalizing the societies in which they operate instead of investing in them. A: Did you hear that Zuckerberg is tearing down the national park to build his new fortified megamansion? |
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