Late capitalism is a term sometimes used to refer to capitalism of the late 20th century, generally with the implication that it will eventually end. According to the Marxist economist Ernest Mandel, late-stage capitalism will be dominated by the machinations - or perhaps better, fluidities - of finance capital .
Late capitalism is also an important component of Fredric Jameson's influential analysis of postmodernism. A section of Jameson's analysis has been reproduced on the Marxists Internet Archive.
See also periodizations of capitalism.
