[civilized]

I think the sentence is just sloppy and the author himself doesn't quite know if he's talking about characteristics of late capitalism or just current events which happen to be occurring in the context of late capitalism.

[drewcoo]

It's not sloppy. It's quite easy to understand. Let's substitute some metasyntactic variables . . .

> Foo is bar, with its baz.

Clearly baz is an example of how foo is bar.

https://www.grammar-monster.com/glossary/subordinate_clause....