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Unpacking late capitalism - The University of Sydney

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On Twitter, you will find the hashtags #latecapitalism (English), #tardocapitalismo (Italian), #capitalismotardio (Spanish), and #spätkapitalismus (German), among others. Typically, they satirise notions such as the idea of endless growth. The term also pops up in a wide range of academic articles and books. There are, for instance, discussions around the populist rise in late capitalism, the increase in financial-related investments in late capitalism, migration conditions in late capitalism, and so on. But what are the origins of this term? And what, exactly, does it mean? Factory workers in China. Credit: Adobe Stock Karl Marx first analysed the last stage of capitalism in his three-volume magnum opus Capital: A Critique of Political Economy (published in 1867, 1885, and 1894), particularly in Volume 3. For Marx, an acceleration in the turnover of capital, concentrating wealth in the hands of the few, would result in a continuous tendency to crises. This, he believed, would ultimate

Unpacking late capitalism - The University of Sydney Home / News & opinion / News / December / Unpacking late capitalism Opinion_ Unpacking late capitalism 20 December 2022 What does ‘late capitalism’ mean, and why is it late? David Elias Aviles Espinoza, PhD candidate in Political Economy, explores the origins of the term 'late capitalism' - a buzzword often used on social media to explain the absurdity of some free market economies. On Twitter, you will find the hashtags #latecapitalism (English), #tardocapitalismo (Italian), #capitalismotardio (Spanish), and #spätkapitalismus (German), amon

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