But not before encouraging everyone to blame things on "capitalism" which even Marx would have said would be solved by more capitalism.
(Namely cost of living in Anglo countries, which is largely caused by their practically feudalist land usage policies.)
I mean, late stage capitalism hasn't been working out so great; so he kind of has a point.
There is no such thing as late stage capitalism. Or I should say, it's a misnomer. When people refer to late stage capitalism, they are usually complaining about market failures due to globalism, governmental issues, difficulties adapting to automation, or extreme envy of those who have gotten rich. Free markets generally work well for everyone, except for rare circumstances like monopolies or unfair competition.
> Free markets generally work well for everyone, except for rare circumstances like monopolies or unfair competition.
"Free markets generally work well for everyone, except for regular circumstances like monopolies or unfair competition."
Fixed it for you.
Those cases do arise occasionally or even "regularly" but with proper regulation, these problems are quickly and satisfactorily corrected. There is always a possibility of regulatory capture. The ultimate form of regulatory capture is communism, lol.
What edition of Marx are you reading?