In the United States in the late 1800s, wealth was incredibly concentrated in a few families and as far as I can tell they ran the government. So it was late stage back then, would that make now post late stage?
On the other hand, I would think that late stage capitalism would be defined when there is regulation of greed to prevent predatory and monopolistic practices that reduce competition. Or maybe that should just be called sustainable capitalism?
On the other hand, I would think that late stage capitalism would be defined when there is regulation of greed to prevent predatory and monopolistic practices that reduce competition. Or maybe that should just be called sustainable capitalism?