Late capitalism or late stage capitalism is in some ways synonymous with consumerism, but is strictly defined as capitalism, in the west after the second world war. Features of the system are service jobs as opposed to manufacturing jobs, outsourcing / globalism, disposable income, and being a consumer before being a producer. …show more content…
At this time the stock market was rising, and so was the GDP per capita; it all went towards America having the ability to spend more on essential and non essential items. With this new demand, the corporations,banks, and developers provided with cars, malls, oil, loans, and subdivisions. Not only were they feeding the consumers, they were quite literally building infrastructure for consumerism, creating a feedback-loop of dollar signs. The more cars you have, the more gas you use; if your house has running water, you are bound to use more of