Late capitalism

Late capitalism refers to the stage of economic development characterized by advanced consumer culture, global corporations, and high levels of technological innovation. It involves complex markets driven by consumerism, financialization, and pervasive advertising, often leading to increased inequality and social disparities. This phase is marked by the dominance of multinational companies, a focus on branding, and the influence of finance over production. While offering convenience and innovation, it also raises concerns about sustainability, economic stability, and the concentration of wealth, reflecting a mature but critically examined period of capitalism.