Late-stage capitalism, as described by Jamie Wheal, can be understood as the phase of economic development where the inherent contradictions and excesses of capitalist systems become starkly evident. This stage is marked by extreme wealth inequality, environmental degradation, and the commodification of nearly every aspect of human life. Wheal would argue that in late-stage capitalism, the focus on relentless growth and profit maximization leads to social and moral decay, where meaningful human experiences are often overshadowed by consumerism and superficial metrics of success. It is a period where the sustainability of the system itself is called into question, revealing the urgent need for a shift towards more equitable, holistic, and regenerative economic models.

See also: flow state, radical hope, psychedelic experience, peak performance, social justice