How much did OP pay for this edition?
this post was submitted on 27 Jun 2026
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Late Stage Capitalism
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In his 2016 book, How Will Capitalism End? German Marxist Wolfgang Streeck predicted that there would not be one crisis that ends capitalism, but rather a series of crises - environmental, social, financial, political - that cause the capitalist system to collapse.
Fast forward to today, we're all living in the Mega Crisis, or the Omni Crisis, or the Permanent Crisis. These are all crises of capitalism, and crises which threaten the continued survival of capitalism. No, Marx didn't predict climate change, but he would not be surprised by it in the least bit, and of the bourgeoisie's paralysis in generating a solution. Not just the environmental crisis, but the COVID crisis, the housing crisis, the opioid crisis, the mental health crisis, the labour shortage crisis, the supply chain crisis, the unemployment crisis, the wages crisis, the political extremism crisis. He saw a moment like this coming.
Where does this leave us? The system we have right now unsalvageable. There's no reform or "Third Way" waiting in the wings. There is no plan here, the plan is Fed money print go brr and lets see how much further we can muddle along. It's going to collapse. Not maybe, WILL. The only question for us is what we build in its ruins.