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by kmeisthax 566 days ago
"Late-stage capitalism" is just "reimposing feudalism[0]" - i.e. going back to an economic system in which the vast majority of an economy's wealth is rents charged on the use of valuable property. "Capitalism" as is propagandized in capitalist societies is an economy in which the majority of wealth is profits earned as the return on a risk-bearing investment. Being beholden to a free market economy means you have limits to your power - not great limits, but limits none-the-less.

In other words, capitalism is a necessary transition between feudalism and feudalism.

[0] Insamuch as the term even has meaning. Medievalists and historical researchers will correctly call this out as an overloaded term.