"Late Stage Capitalism" is when the marginal value of labour falls to zero.
Marx thought this would be in late 19th Century Britain and Germany, as the industrial powerhouses of the world. Over 100 years later and the economies of every country in the world are still growing.
"Late Stage Capitalism" is when the marginal value of labour falls to zero.
Marx thought this would be in late 19th Century Britain and Germany, as the industrial powerhouses of the world. Over 100 years later and the economies of every country in the world are still growing.