late capitalism

Meaning

Noun

• The most recent or current form of capitalism, especially as characterized by monopoly, globalization, exploitation, and excess.

Origin

• , attributed to German economist Werner Sombart{{cite-book
• |title=Der moderne Kapitalismus
• |year=1902
• |publisher=Duncker & Humblot
• |location=Leipzig
• |author=Werner Sombart
• |authorlink=Werner Sombart
• |url=https://archive.org/details/dermodernekapit01sombgoog
• |page=72
• |pageurl=https://archive.org/stream/dermodernekapit01sombgoog#page/n110
• |lang=de
• and later popularized by Marxist economist Ernest Mandel.{{cite-book
• |title=Der Spätkapitalismus. Versuch einer marxistischen Erklärung
• |year=1972
• |author=Ernest Mandel
• |authorlink=Ernest Mandel
• |lang=de
• |location=Frankfurt am Main