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June 15, 2023

Instead of ‘Late Capitalism,’ Maybe the US Economy Is Still in ‘Early Capitalism’

So how is the twilight of capitalism working out for you? What, you didn’t realize that you were living through “late capitalism”? Before I go on, let me first explain that term. The phrase dates back to the early 20th century — yup, we’ve apparently been in LC for a long time — when Werner…