It's not so much late-stage capitalism as it is supercapitalism. The fate of capitalism is to become so superior that eventually it consumes itself.
Here's what Mussolini said:
"At this stage, supercapitalism finds its inspiration and its justification in a utopia: the
utopia of unlimited consumption. Supercapitalism's ideal is the
standardization of the human race from the cradle to the grave.
Supercapitalism wants all babies to be born exactly the same length so that the cradles can be standardized and
all children persuaded to like the same toys. It wants all men to don the very same uniform, to read the same book,
to have the same tastes in films, and to desire the same so-called labor-saving devices. This is not the result of caprice. It inheres in the logic of events, for only thus can supercapitalism make its plans."
Sound familiar to today?
I suggest reading his entire speech, and as a side note it's incredible to me how he sounds far smarter than any politician today. If I have one criticism with Benny the Moose's logic here, it's that he did not account for the fact that socialism in the form of social democracy--which Stalin was correct in describing as "social fascism" because it is a form of class collaboration--could fulfill fascism's role in mitigating the end of capitalism. This was done to incipient degrees as early as the era of Teddy Roosevelt in the US (i.e. trust busting) and then became the dominant mode of things in the West by the end of the 40s. Indeed, they even formed a Uniparty as their equivalent to the one-party rule of fascism.
Predictably it produced the most prosperous period in all human history. It only ended because the global elite regained power (after being forced to share it due to World War II) and your Reagans and Thatchers sold it all off to China with the full consent of the other side of the Uniparty like "Scranton Joe" Biden back in the 80s. Now to be fair, there were factors like how social democracy inevitably leads to communism--look at British labor unions and their communist links for instance, or how Fabian socialism/reformist socialism underpins the ideology of nearly every left-wing party on the planet. These reformists ignored the economic aspects of communism in favor of the bureaucratic and social aspects of a communist state which neatly falls in line with managerialism (the essence of supercapitalism) and government by laptop caste.
Fascism and national socialism (not necessarily Nazism) are immune to this because they do not pursue globalism, have concrete goals for the nation that go beyond "progress is good", do not have communism as the end goal, and permit a reconciliation with the beneficial aspects of capitalism by using government intervention despite said capitalism no longer viable.
Faux-left publications will tell you ''the wages fell off in the 80's during the Thatcher-Reagan times when greed took over''. But I don't believe that at all, I think things began to decline in the 2010's after the great recession. They don't want people to know this is a much more RECENT phenomenon. It's fairly obvious we're in the late stage of our economics system.. or maybe it really just collapsed in 2008 for good.
This is not true, the average wage for American and European workers peaked in the early 1970s at the onset of the stagflation period. Housing in particular was very cheap compared to what we have now--median price in 1972 was $27K, or $200K adjusted for inflation which is literally half of what it is today, and cheaper than it has been for decades. Low-end cars were slightly cheaper in 1972 (albeit far less reliable and more gas guzzling, but gas was cheap too before the oil crisis) than today.
Statistics showing average family income demonstrate that the middle class has been constantly shrinking since the 1970s. While the upper middle class and especially the upper class has grown, the lower class has expanded as well. This is because on the high end you have the creation of the laptop caste and on the low end you have a host of dead end jobs where you compete with the entire rest of the world thanks to globalism.
Libertarians are actually correct when they say we don't have true free market capitalism because of government intervention, the problem is even if we had true free market capitalism it would be a disaster. What you actually want is a government that intervenes but not in retarded ways.
Correct. The corporations would either provide the services the government does, including the service to crush competition, or they would become the government. Powerful people by definition do not play by the rules, they make the rules, as one look at history demonstrates.