hypercapitalism
Unchecked profit worship
Hypercapitalism describes capitalism taken to an extreme—markets penetrating every aspect of life, profit motive overriding all other values, corporations wielding outsized power.
The term is almost always critical, used by those who see modern economies as having gone beyond productive free enterprise into something corrosive: In this hypercapitalism, even friendship becomes a networking opportunity.
Sometimes interchangeable with late capitalism.
One seller, no substitutes
- oligopolyFew firms dominate market
- plutocracyRule by the rich
- corporatocracyRule by business interests
- billionairePerson worth ten figures
Pro-market, anti-regulation ideology
- laissez-faireNoninterference in commerce
- free-marketUnregulated private exchange
- deregulationRemoving governmental business restrictions
- privatizationState sells public assets
trickle-down · austerity · corporatism · anti-regulation · supply-side · Reaganomics · Thatcherism
Creating distinctive identity
- advertisingPaid promotional communication
- marketingPromoting goods to consumers
- e-commerceInternet-based buying and selling
- retailSales to end users
shopping · mall · fast-fashion · commodification · materialism · disposability · trends · gadgets
Increase in scope
- scalabilityCapacity for growth
- disruptionForceful interruption of process
- speculationUnproven theorizing or risky investment
- boom-bustCyclical economic volatility
financialization · IPO · unicorn · globalization · automation · burnout
Exploitative manufacturing facilities
- precariatClass facing chronic instability
- outsourcingThird-party task delegation
- offshoringMoving work overseas
- underpaidGiven inadequate wages
overwork · zero-hours · inequality · disparity · unfairness · oppression
Excessive use of resources
- wastefulnessCareless use of resources
- overproductionExcessive manufacture beyond need
- fast-fashionCheap, trend-driven apparel industry
- landfillsEngineered waste disposal sites
McMansion · hyperconsumption · abundance · surplus · decadence · extravagance · unsustainability
monopoly
One seller, no substitutes
- oligopolyFew firms dominate market
- plutocracyRule by the rich
- corporatocracyRule by business interests
billionaire · conglomerate · megacorporation · lobbying · acquisitions
neoliberalism
Pro-market, anti-regulation ideology
- laissez-faireNoninterference in commerce
- free-marketUnregulated private exchange
- deregulationRemoving governmental business restrictions
privatization · trickle-down · austerity · corporatism · anti-regulation · supply-side · Reaganomics · Thatcherism
branding
Creating distinctive identity
- advertisingPaid promotional communication
- marketingPromoting goods to consumers
- e-commerceInternet-based buying and selling
retail · shopping · mall · fast-fashion · commodification · materialism · disposability · trends · gadgets · merchandise
expansion
Increase in scope
- scalabilityCapacity for growth
- disruptionForceful interruption of process
- speculationUnproven theorizing or risky investment
boom-bust · financialization · IPO · unicorn · globalization · automation · burnout
sweatshops
Exploitative manufacturing facilities
- precariatClass facing chronic instability
- outsourcingThird-party task delegation
- offshoringMoving work overseas
underpaid · overwork · zero-hours · inequality · disparity · unfairness · oppression
overconsumption
Excessive use of resources
- wastefulnessCareless use of resources
- overproductionExcessive manufacture beyond need
- fast-fashionCheap, trend-driven apparel industry
landfills · McMansion · hyperconsumption · abundance · surplus · decadence · extravagance · unsustainability
hypercapitalismcommunism
Collective ownership system
socialism · Marxism · central planning · collectivism · command economy
hypercapitalismsocial democracy
Reformed capitalism with welfare state
interventionism · state regulation · Keynesianism · dirigisme · welfare state
hypercapitalismdegrowth
Intentional economic contraction movement
anti-consumerism · gift economy · communitarianism · subsistence economy · post-capitalism