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Why the Phrase 'Late Capitalism' is Suddenly Everywhere

LightSlit

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An interesting fact in regard to the term "late stage capitalism".

It was invented by the German thinker Werner Sombart. Earlier in his life, he was an esteemed Marxist - his interpretation of 'Capital' was praised by Engels! However, at the beginning of the 20th century he moved to right. While he remained a socialist, his socialism was not that of Marx or Engels. Rather his views were more akin to the Socialism of Duty held by Francis Parker Yockey, Ernst Junger, the Strasser brothers, and Oswald Spengler. The overcoming of petty egoistic self interest by an adherence to duty and purpose within the social organism. He wrote a number of works such as the Jews and Modern Capitalism. His work expounding his views on national socialism is called 'A New Social Philosophy' and can be found on internet archive.

To contemporary zio-conservatives, the idea that there were men on the right who claimed that Marxist socialism was insufficiently socialist, and in some respect Capitalist, would be mind blowing. Yet if one was to compare the thinkers of this right with the fake right wing found in the English speaking world, we know who would come out on top intellectually and probably morally.
 
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Tadhg Gaelach

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I think we should go with terminal phase capitalism.
Watching the markets convulsing as a guide.

Looks like "Capitalism" is permanently on a state life support machine - and needs intensive state care every ten years or so. Even Donald Trump has now admitted that Capitalism can't get the job done.
 
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Tadhg Gaelach

Tadhg Gaelach

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An interesting fact in regard to the term "late stage capitalism".

It was invented by the German thinker Werner Sombart. Earlier in his life, he was an esteemed Marxist - his interpretation of 'Capital' was praised by Engels! However, at the beginning of the 20th century he moved to right. While he remained a socialist, his socialism was not that of Marx or Engels. Rather his views were more akin to the Socialism of Duty held by Francis Parker Yockey, Ernst Junger, the Strasser brothers, and Oswald Spengler. The overcoming of petty egoistic self interest by an adherence to duty and purpose within the social organism. He wrote a number of works such as the Jews and Modern Capitalism. His work expounding his views on national socialism is called 'A New Social Philosophy' and can be found on internet archive.

To contemporary zio-conservatives, the idea that there were men on the right who claimed that Marxist socialism was insufficiently socialist, and in some respect Capitalist, would be mind blowing. Yet if one was to compare the thinkers of this right with the fake right wing found in the English speaking world, we know who would come out on top intellectually and probably morally.

Excellent post a chara.
 

jpc

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Looks like "Capitalism" is permanently on a state life support machine - and needs intensive state care every ten years or so. Even Donald Trump has now admitted that Capitalism can't get the job done.
That's a very good and overlooked observation on the state of capitalism.
It's been progressively brazenly more crony capitalism since the early 80s.
And slick Willy's financial deregulation just gave it more fuel.
 

TheWexfordInn

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Globalism is dead. Crony Capitalism is dead. Corporatism is dead.

Capitalism is alive and well and will continue within the context of the Nation State with those given power by the people to Govern held to account in a transparent manner.
No more borrowing to buy votes or accumulation of unfunded liabilities with the bill handed on a few years later to the next set of politicians/ taxpayers, no more Governments cosying up to vested and corporate interests.

But above all Capitalism remains ie free enterprise and property rights remain as they are the means to best unleash the drive and productivity and ingenuity of capable individuals which is the foundation of any prosperous society working best for everyone.
 
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Tadhg Gaelach

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But above all Capitalism remains ie free enterprise and property rights remain as they are the means to best unleash the drive and productivity and ingenuity of capable individuals which is the foundation of any prosperous society working best for everyone.
Sounds like a prayer your Mammy taught you to say every night before you go to sleep.
 

jpc

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Sounds like a prayer your Mammy taught you to say every night before you go to sleep.
Well it's true at it basic form.
The US and the most forms of free market diverged phenomenally from the above in the last 3 decades at least.
 
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Tadhg Gaelach

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Well it's true at it basic form.
The US and the most forms of free market diverged phenomenally from the above in the last 3 decades at least.

I don't think it is true. The main reason Europe is richer is because of massive colonial theft and slavery. And the USA was a colonial genocide from the very start. It's not Capitalism that keeps the USA "rich" now, it's the fact that its army and airforce is still able to kill anyone who stops using the dollar. The US Régime can just keep printing dollars and they don't lose their value - because everyone else is forced to accept them.
 
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