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We live in a time of 'late capitalism'. But what does that mean? And what's so late about it?

  • Written by: David Elias Aviles Espinoza, PhD candidate in Political Economy, University of Sydney
We live in a time of 'late capitalism'. But what does that mean? And what's so late about it?A worker shovels charcoal at the at Al-Hattab production facility in the Gaza Strip.Mohammed Saber/AP

The term “late capitalism” seems to be everywhere as a trending meme – often used as a kind of shorthand to illustrate the absurdities of certain free market economies.

On Twitter, you will find the hashtags #latecapitalism...

Read more: We live in a time of 'late capitalism'. But what does that mean? And what's so late about it?

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