"late stage capitalism" meaning in English

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          "ref": "2019 September 17, Jess Cartner-Morley, “So hot it hurts: London fashion week in the age of climate activism”, in The Guardian",
          "text": "Welcome to Late Stage Capitalism: The Musical – the show formerly known as fashion week. Fashion week has never just been about fashion. It is a microcosm of everything that is compelling and seductive about modern life, and of everything that is terrifying about modern life as well.",
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