[fxtentacle]

1993 was before the west entered the last stage of capitalism. It was a time when companies still competed on products rather than using monopolistic force to squeeze ever more revenue out of the same people by turning every life necessity into a subscription. Similarly, it was a time when you could mail-order a house and build it yourself. Rental prices were low because there was no regulatory capture on housing construction yet.

Where I disagree with you is video streaming. In my opinion, YouTube and the commercialisation of holiday memories (which later became Instagram influencers) were the beginning of widespread depression. Seemingly regular people sharing their exceptional life somehow forces everyone else to compare themselves to the dreams presented on YouTube and most people will come up short and then most people will feel insufficient. I believe that’s why early YouTube ads were so powerful. Your ad for exotic goods would play immediately after the viewer became painfully aware of how boring they are, when measured against the top 0.1% on a global scale.

[gizajob]

I never understand why people want to label such eras of capitalism as “late” or the last era of capitalism. The late stage was late only to its own death. This isn’t the last stage either. Plenty more to grow. Capitalism is more akin to an indestructible and rapidly mutating organism than an ideology.