"Anti-capitalists used to have whole palaces of economic and social theory to explain the workings of capitalism and the ideal system that would replace it. Now what they have is largely a set of pet peeves with delusions of grandeur."~ Robert Tracinski, from his newsletter 'Late-Stage Anti-Capitalism'
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See also: late-stage socialism, which is what happens when you run out of other people's money and socialist systems crumble at an accelerating rate.
ReplyDeleteFunnily enough that was the title of a post of mine that was kicked off by a person highlighting with a cartoon the increasing squeeze of housing costs on family formation and blaming it on "late stage capitalism".
ReplyDeleteFucking Marx never dies.