Is "late stage capitalism" a thing?

Is "late stage capitalism" a thing?

Does the free market eventually turn into a profit obsessed hellhole without any kind of rights for workers? Must the state step in to prevent it?

Please, I need to know this, give me the red pill

Yes. No.

>Does the free market eventually turn into a profit obsessed hellhole without any kind of rights for workers?
not possible as the workers will quit.
free market always fixes it.
always.

If there's enough concentrated monetary leverage, you will get cronyism. If there's enough cronyism, you will get indomitable monopolies. Then cue the sounds of libtards trumpeting "capitalism does not work"

>Is "late stage capitalism" a thing?
Only insofar as you could term receding back into the past as "late stage" anything. Capitalism has no built-in late stage because it is the only moral system of exchange that allows men to operate freely without infringing on the rights of others. It is the ultimate climax of human cooperation.

However, if the institutions that allow for this system to exist are undermined and eventually defeated via the use of violent force, then you could term that period of upheaval "late stage" as it regresses backwards towards feudalism, anarchy, or some other retrograde system of organization.

They'll quit and do what exactly?

What do you mean by "eventually"
Were the children dying in factories not good enough?

It also turns people into zombies who care more about profit than their country or race.

die of starvation

Hmm, this leads me to the question, if on one side of the spectrum we have communism, then whats at the other extreme side? Whats the name for that

Either work for someone better or start their own business

>Does the free market eventually turn into a profit obsessed hellhole without any kind of rights for workers?
Short term no, long term yes.

Be replaced by an immigrant who may or may not gladly work "under the table" aka off-records for less than minimum wage and have no power.

Anarcho-Capitalism? Best I could think of.

Fascism

Better than children dying in fields or forests or caves. Children have died needlessly for thousands and thousands of years. Capitalism has done more to save them than any other force in history.

laissez faire capitalism

no

its the only way you can afford weapons to kill some cult members

It would only ever become "late stage" if a profitable alternative was tested and confirmed over decades.

>Better than children dying in fields or forests or caves. Children have died needlessly for thousands and thousands of years. Capitalism has done more to save them than any other force in history.
Having someone shot and having them beheaded are two different things, and one is better than the other. That doesn't excuse either.

Stop humoring this communist nonsense.

I dont know what the proper definition is but in my view: free markets and capitalism by extension are all built on the fallacy of individualism and a implicit premise of a singular group allegiance. When people attempt to out compete individuals they form groups which become nepotistic and you end up with corporate oligarchs controlling the government and then it's not 'real capitalism'. And of course the corporate oligarchs at least in multiracial america (well before 1965) decide they want mass waves of labor so they can further profit.

.

I'm not excusing anything. Children dying is bad regardless of the circumstances. But I am saying that the natural human condition is struggle for survival against the forces of nature and other human beings. More children died before capitalism than die now. More people live longer, healthier, and safer. Simple fact.

Capitalism has created the highest general standard of living in history. This is 100% incontrovertible. Even the poorest citizens in capitalist nations are better off than the average person under communism, feudalism, socialism, or anything else.

No, capitalism has existed for over 500 years now from england and the US alone and both countries still stand with no issue economically.

Meanwhile, over in commie land, you have multiple collapses of communist countries, and not a single one lasting over 100 years (USSR came close tho huh!)

>no issue economically.
>mass immigration
>loss of native manufacturing industry
what do you think trump/brexit were about

I think so.
Probably. Maybe.

I see everything in terms of the Iron Law of Oligarchy.

This states, correctly as far as I can tell, that every political system in human history has always tended to end up as some expression of an oligarchy. Literally 'rule of the few'.

Basically, whether you're a monarchy, or a republic, or a democracy, even a Communist shit hole, your elite class is going to form, consolidate, expand, and seize control, either directly or by setting themselves up as eminences grises. This happened in Greece, Rome, Japan, all over Europe, the Soviet Union, all over.

What we're seeing now is our civilisational model's transitional stage from the oligarchical elites' increasing dominance to their total control. The 1%'s 1% will seize ever more of a share of the world's wealth. As an example, six media companies in the US will become four, three, two...

Who knows how far it'll go? Maybe eventually we'll be each be expressing our unique personal identities by choosing one of a thousand unique individual, totally personalised mass-produced commodities from a hundred different unique, individual companies that are owned by ten people all sitting around one table.

And the real fucker of it is, I'm not sure there's anything we can do about it that won't result in an extended period of very interesting times.

Why do people care so much about shitty manufacturing jobs?

>why do people care about being unable to find any work they are capable of doing and/or losing their jobs

Fuck off kike.

move to venezuela for a taste of late state socialism

if the only task you can perform is routinely screwing bolts onto machinery than I'm not sure why anyone should care for you or your job.

you should care because they will vote for trump and if he doesnt fix it they will vote for commies or natsoc and if they dont fix it they will eat the rich.

>tyler1 with the roid head

The issue is that throughout history screwing bolts or its chronologic equivalent was "enough." There were significant numbers of jobs that could be performed by an average or sub average IQ person such that they could generally provide for themselves and some family members. But in the modern world, a lot of the jobs that would be performed by those people have been rendered redundant because of technology. Not all of them, mind you. But enough to cause people to care when those "shitty manufacturing jobs" go elsewhere.

And that technology has a knock on effect. Because its operation requires a certain level of cognitive ability, the job market puts such a massive, massive premium on intelligence. For a lot of people, those manufacturing jobs are just about all they have. If they lose those jobs, they aren't going to be able to learn Excel to a level that will make them competitive in an office environment. And it isn't really any fault of theirs. While work ethic is important, having a low IQ isn't something you can just push through. Your average factory worker is just not going to be able to cut it in jobs that require higher levels of cognitive ability.