What is this?

Late-stage capitalism is a term used to describe the evolution of a capitalist system increasingly susceptible to externalizing social and environmental costs and concentrated in extractive powers and monopolies. In this phase, the pursuit of an unchecked accumulation of wealth for private interests renders a society fractured – privileging certain voices, accelerating inequality and leaving a growing number of citizens excluded from the fruits of ‘progress’. Late-stage capitalism thus portends an economy and society marred by injustice and constructed upon notions of infinite appetite, with little consideration for the finite resources of tomorrow, a world visibly birthing its own disruption.

See also: white supremacy, slave trade, climate justice, colonial order, nation state

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