[4RealFreedom]

"Late stage capitalism" implies that capitalism is doomed to fail. In reality it is a system of constant change. Wealth inequality has always existed. Some problems like housing are newer problems that require solutions but don't point to an inevitable collapse. Are we also in "late stage democracy" and "late stage big government"? We won't know until after the collapse.

[Eddy_Viscosity2]

Late stage capitalism refers to the stage where the field has become dominated by a relatively few big players and the focus shifts from providing value (which was required in the early stages with lots of smaller competing players) to extracting value. That's where we are now in many of the big economic areas - a few big players squeezing everyone by providing less and charging more for it because they can. It's the enshitification stage. It sucks for everyone but the owners of those companies.

[4RealFreedom]

That could be viewed as a piece of "late stage capitalism" but that's only one part, right? The problem with the term is it's a catch-all for any perceived problem with capitalism. Maybe that issue is just a capitalism speed bump. As I said, we won't know we're in late stage until after the collapse.