Botond173
13hr ago
Adding this for further context:
The development of capitalism is divided into three stages.[6] The first volume of Der moderne Kapitalismus published in 1902, deals with proto-capitalism, the origins and transition to capitalism from feudalism,[7] and the period he called early capitalism – Frühkapitalismus – which ended before the Industrial Revolution.[8] In his second volume, which he published in 1916, he described the period that began c. 1760, as high capitalism – Hochkapitalismus.[9] The last book, published in 1927, treats conditions in the 20th century. He called this stage late capitalism – Spätkapitalismus, which began with World War I.[2]
https://en.wikipedia.org/wiki/Werner_Sombart#Middle_career_and_sociology
In somewhat comical fashion, Wikipedia authors examined Sombart himself and drew similar biographical conclusions:
As a young man, Sombart was a socialist who associated with Marxist intellectuals and the German Social Democratic Party. Friedrich Engels praised Sombart's review of the first edition of Marx's Das Kapital Vol. 3 in 1894, and sent him a letter.[9] As a mature academic who became well known for his own sociological writings, Sombart had a sympathetically critical attitude to the ideas of Karl Marx — seeking to criticize, modify and elaborate Marx's insights, while disavowing Marxist doctrinairism and dogmatism.
https://en.wikipedia.org/wiki/Late_capitalism#Initial_use_of_the_term
Botond173
14hr ago
True. Historians also differentiate Early and Late Antiquity or Early and Late Feudalism. I guess one can also speak of Mature/Peak Antiquity/Feudalism if we want to divide eras even further. The existence of any economic system is conditional and conditions are necessarily subject to change, which means no system can continue indefinitely, and nor can cancer.
Botond173
14hr ago
According to Wikiquote this seems to be the quote you are looking for:
The day has passed for patching up the capitalist system; it must go. And in the work of abolishing it the Catholic and the Protestant, the Catholic and the Jew, the Catholic and the Freethinker, the Catholic and the Buddhist, the Catholic and the Mahometan will co-operate together, knowing no rivalry but the rivalry of endeavour toward an end beneficial to all. For, as we have said elsewhere, socialism is neither Protestant nor Catholic, Christian nor Freethinker, Buddhist, Mahometan, nor Jew; it is only Human. We of the socialist working class realise that as we suffer together we must work together that we may enjoy together. We reject the firebrand of capitalist warfare and offer you the olive leaf of brotherhood and justice to and for all.
These are actually the closing words of a pamphlet he wrote in 1910 as a response to the anti-socialist lectures of some Priest. Well...technically speaking we cannot say if he was correct or incorrect. Four years later the entire world had an opportunity to learn what the firebrand of capitalist warfare is in its true form, and he argued that only a globally united working class can possibly prevent that disaster. I guess that may be true in retrospect.
Botond173
14hr ago
I think it's obvious that the phrase "neoliberalism" was invented in order to differentiate the liberal economic policies as they existed before and after the emergence and implementation of Keynesianism.
Botond173
18hr ago
I'll not ask you to doxx yourself but I just wonder where all your friends live then. Is it some suburb in the Rust Belt? Some stagnant town in Central Valley, CA? What is going on here?
Fair enough. My point is that the "neo-" part has a more concrete and agreed-upon definition than the "late-" part.
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