In late capitalism capital has expanded beyond the nation-state, leaving it archaic

Evidence

If this is so for the age of imperialism, how much the more must it hold for our own movement, the moment of the multinational network, or what Mandel calls “late capitalism,” a moment in which not merely the older city but even the nation-state itself has ceased to play a central functional and formal role in a process that has in a new quantum leap of capital prodigiously expanded beyond them, leaving them behind as ruined and archaic remains of earlier stages in the development of this mode of production. — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 882

Categorization

• DEFINE: Provides the working definition of ‘late capitalism’ via Mandel: a quantum leap in which capital outgrows city and nation-state.
• XREF: connects to: Global finance has escaped the collective control of advanced capitalist states. — David Harvey, The Condition of Postmodernity: An…, 985