Tag: economics

Why the Phrase ‘Late Capitalism’ Is Suddenly Everywhere

Why the Phrase ‘Late Capitalism’ Is Suddenly Everywhere A job advertisement celebrating sleep deprivation? That’s late capitalism. Free-wheeling Coachella outfits that somehow all look the same and cost thousands of dollars? Also late capitalism. Same goes for this wifi-connected $400 juicer that does no better than human hands, Pepsi’s advertisement featuring Kendall Jenner, United Airlines’…

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False consciousness

False consciousness Mr Stedman Jones is even critical of parts of “Capital”. In one passage, Marx set out to answer a puzzle. Changing levels of supply and demand explain why the price of a commodity goes up or down, but does not explain why the equilibrium price of that commodity is what it is. For…

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