"late stage capitalism" is a reference to a view that capitalism inevitably leads to a system run by oligarchs. Or something like that - it isn't exactly used consistently[1]. Originally it was a Marxist term, but I don't believe many people use it in this original meaning[2].
It's a pity, because everything else in that poster's comment made sense, I think this detracts from their point.
It's a pity, because everything else in that poster's comment made sense, I think this detracts from their point.
[1] https://www.theatlantic.com/business/archive/2017/05/late-ca...
[2] https://en.wikipedia.org/wiki/Late_capitalism