Definition:
A critical term describing the perceived current phase of capitalism, characterised by extreme wealth concentration, market saturation, commodification of identity and attention, and the erosion of public goods.
Critical Note:
The term highlights systemic contradictions rather than predicting an endpoint. It is often used to name the sense that existing economic logic is being stretched beyond sustainability, even as it is defended as inevitable.
Related Terms:
Capitalism, Enshittification, Normalisation of Decline, Austerity, Surveillance Capitalism