The criticism is that late stage capitalism corrupts itself and becomes fascism/technocracy/feudalism/whatever as the powers of corporation and state merge.
That or everyone dies from ecological collapse.
Of course, the idea that it’s not capitalism when the state does it is a core capitalist conceit. A lot of socialists are trying to have their cake and eat it too on the definitions.
It’s not capitalism that is collapsing
Liberalism is a capitalist ideology.
The criticism is that late stage capitalism corrupts itself and becomes fascism/technocracy/feudalism/whatever as the powers of corporation and state merge.
That or everyone dies from ecological collapse.
Of course, the idea that it’s not capitalism when the state does it is a core capitalist conceit. A lot of socialists are trying to have their cake and eat it too on the definitions.
Capitalism is an economic system where private individuals or businesses own the means of production.
That isn’t what’s dying.
And when that individual styles themselves as the state itself?
Like Doge Musk.
Authoritarian capitalism