this post was submitted on 21 Aug 2026

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Late Stage Capitalism

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Thatcher famously said "the problem with socialism is that eventually you run out of other people's money", but isn't it the best way to describe billionaires in late stage capitalism? (sh.itjust.works)

submitted 4 days ago by Darkcoffee@sh.itjust.works to c/latestagecapitalism@lemmy.world

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[–] AA5B@lemmy.world 0 points 2 days ago* (last edited 2 days ago) (1 children)

No. With socialism, you’re spending other people’s money until you eventually run out and can’t achieve your goals. With capitalism you’re extracting other people’s money and if they’ve run out you arguably achieved your goal

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[–] technocrit@lemmy.dbzer0.com 0 points 2 days ago

late stage capitalism

Uggg... I hate this nostradamus ass term. It's condescending and idiotic at the same time.

[–] CheesyFox@lemmy.sdf.org -3 points 2 days ago (6 children)

Which just shows that we can't really design a good system that'll actually work

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[–] daniskarma@lemmy.dbzer0.com 2 points 3 days ago

It is and we are reaching it. We cannot longer keep paying all that capital gain.

Most of the cost of any product are capital gains nowadays.

[–] daniskarma@lemmy.dbzer0.com 1 points 3 days ago

Didn't Liz Truss actually were the one managing to run out of UK people's money?

[+] VelvetPinkOtter123@lemmy.world -16 points 4 days ago (4 children)

It can be both

The problem with late stage capitalism, if you ask me, isn't with capitalism, it's with the government

McDonalds charges $7 a hamburger. Capitalism says that if I can make a better hamburger for cheaper, I should. This will force companies to compete keeping quality high and prices low.

The problem is that while I theoretically can make a better hamburger and sell it to you for a dollar, I'm not legally allowed to make a better hamburger and sell it to you for a dollar

I have to get a business license, permits, a kitchen, a place of business, health inspections, etc.... and by the time I get all of this in order I had to take out a small business loan and now I find myself $12k in debt and I have a $3k rent payment due on my kitchen every month and I need to make enough money to pay my own bills at home

I'm so over my head in debt that I can no longer afford to sell my hamburgers for a dollar. I just can't sell enough hamburgers to make enough money to pay off my loans and cover the bills for both my business and my home. I actually sell less hamburgers than McDonalds so now my burgers have to cost $12 or I go broke

So some companies now have a stranglehold on the market. They are so large with so much money they can make worse products and charge more for them because they no longer have any real competition.

So yeah, I could make a bomb ass TV that doesn't come with a bunch of spy devices and advertisements and sell to you for half the price... but the government won't let me

Capitalism isn't the real problem, it's the government

But it's a tricky beast. I mean, don't you like knowing that the kitchen of the place you just ate it isn't full of roaches? Health inspections aren't exactly bad.

So what you need is a government that encourages small business; which is what republicans claim they want to do but never actually do

So yeah, you definitely want socialist programs like health care but when it comes to products you want capitalism, you just want real capitalism. You want the government to hate large corporations as much as you do.

The government should be begging me to make hamburgers and TVs

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