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lolbertarians are some of the dumbest people on earth.
okay, let’s say it is “crony capitalism run by the state” (he doesn’t mean state capitalism, he doesn’t know what that means)
what else can capitalism become, especially without extremely strict regulation and wealth/income caps- all things these people are against? and to the extent that the state has its hand in the economy, is it not ONLY to benefit corporations? they’re not regulating these companies or anything to any meaningful degree. so if the government is bad because they only serve big business, even in their own completely nonsensical analysis, doesnt that still make capitalism the problem?
I hate more the term "late stage capitalism". Late stage implying that the "normal" capitalism is totally acceptable.
“Late stage capitalism” is supposed to mean when the contradictions in capitalism heighten to the point where the market cannibalizes every other aspect of the political economy. It’s part of a Marxian analysis of how capitalism evolves, it just gets generalized to “the dystopian aspects of current-day capitalism.”
That's the thing, when l see libs using the term they use it focusing on the big techs and the cyberpunk ultra surveillance capitalism and I always feel that the person using it is totally okay with everything else in capitalism minus the big tech.