Comment by BLKNSLVR
19 hours ago
https://en.wikipedia.org/wiki/Late_capitalism#Later_modern_u...
Essentially the emergent properties of extended concentration of power and wealth.
19 hours ago
https://en.wikipedia.org/wiki/Late_capitalism#Later_modern_u...
Essentially the emergent properties of extended concentration of power and wealth.
That definition doesn't hold up, though, as Socialism, monarchy, and theocracy all actually combine wealth and power into the top-level institution. So that definition is far too broad.
Also, capitalism is the only one that puts power with the government and money in the hands of a market, which means it's one of the only systems that that definition doesn't apply to.