One of the mysteries of the English language finally explained.
(Chiefly in Marxist thought) the latest or current stage in the development of capitalism, especially capitalism since the end of the Second World War (1945), seen as characterized by the dominance of multinational corporations, globalization, and consumerism, and as having permeated all areas of social and cultural life.
Early 20th century; earliest use found in Weekly People (New York). After German Spätkapitalismus.
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