Late Capitalism

[Mark Kohut]

YES!....the Google N--Gram showed it wasn't new. I did know it was the
neglected Sombart, who I once read part of about 'business',
all of which fits the possibility that P is simply laughing at the concept,
the phrase anyway, .....he uses it four times in this book and he KNOWS all
this just written,
or has simply read all the uses in the last decades----put it into the NYT
and you get art reviews using it in the headlines and other things using
the phrase since the way back......
...he is mocking, mocking I say......

On Tue, Nov 9, 2021 at 10:37 AM David Morris <fqmorris at gmail.com> wrote:

> Let’s get more specific:
>
> Inherent in the current use of the term, “late capitalism,” is a critique
> of observed problems of the modern practices of capitalism.  But the term
> isn’t new:
>
> “ The term "late capitalism" was first used by Werner Sombart
> <https://en.m.wikipedia.org/wiki/Werner_Sombart> in his magnum opus Der
> Moderne Kapitalismus, which was published from 1902 through 1927, and
> subsequent writings; Sombart divided capitalism into different stages:
> (1) proto-capitalist society from the early middle ages up to 1500 AD
> (2) early capitalism in 1500–1800
> (3) the heyday of capitalism from 1800-1914(WW1)
> (4) late capitalism: 1914 until today.”
>
> “The term late capitalism began to be used by socialists in continental
> Europe towards the end of the 1930s and in the 1940s, when many economists
> believed capitalism was doomed.”
>
> At the heart of the term is the question of whether current problems are
> due to abuses and corruptions of the system, or whether the problems are
> inherent to the system.  Another question is about the nature of reforms or
> regulations that make capitalism a hybrid system.  Is a Reformed/Hybrid
> Capitalism still “Late Capitalism?”
>
> https://en.m.wikipedia.org/wiki/Late_capitalism
> Modern usage of the phrase and further evolutionEdit
> <
> https://en.m.wikipedia.org/w/index.php?title=Late_capitalism&action=edit&section=4
> >
>
> According to a 2017 article in The Atlantic
> <https://en.m.wikipedia.org/wiki/The_Atlantic>, the term "late capitalism"
> is again in vogue to describe modern business culture, although with a
> semantic change or an ironic twist. "Late capitalism" has become a
> catch-all term for various phenomena that express capitalism's distortions
> of human life, and it is often used in critique and satire. This usage also
> conveys a sense that contemporary capitalism cannot go on like it does
> forever, because the problems created by business are getting too large and
> unmanageable.
>
> The phrase “late stage capitalism” is used commonly as a critique of the
> fascistic qualities that emerge in the later stages of capitalism.
> Capitalism to many may seem to be free of this exploitation if not taken to
> the extremes of “late capitalism”. A competing viewpoint is that
> “Capitalism, in its orthodoxy, is a system that relies on authoritative,
> controlling, and exploitative relationships, most notably between that of
> capitalists and workers”, and that this is not something that emerges out
> of a devolving system but rather is present in the framework of the system
> itself.
> --
> Pynchon-L: https://waste.org/mailman/listinfo/pynchon-l
>