The economics of late capitalism preceded its cultural forms by roughly a decade.
Evidence
Thus Mandel suggests that the basic new technological prerequisites of the new âlong waveâ of capitalismâs third stage (here called âlate capitalismâ) were available by the end of World War II, which also had the effect of reorganizing international relations, decolonizing the colonies, and laying the groundwork for the emergence of a new economic world system. Culturally, however, the precondition is to be found (apart from a wide variety of aberrant modernist âexperimentsâ which are then restructured in the form of predecessors) in the enormous social and psychological transformations of the 1960s, which swept so much of tradition away on the level of mentalites. Thus the economic preparation of Postmodernism or late capitalism began in the 1950s, after the wartime shortages of consumer goods and spare parts had been made up, and new products and new technologies (not least those of the media) could be pioneered. On the other hand, the psychic habitus of the new age demands the absolute break, strengthened by a generational rupture, achieved more properly in the 1960s (it being understood that economic development does not then pause for that, but very much continues along its own level and according to its own logic). â Fredric Jameson, Postmodernism, or, The Cultural LogicâŠ, 28
Categorization
- XREF: The decoupling of economic from cultural preconditions (1950s vs 1960s) directly bears on the readerâs question of whether âstyle is the economyâs way of appearingâ is a clean mapping â it isnât; itâs asynchronous. â connects to: Rising property prices caused the cultural conservatism of recent decades. â Mark Fisher (edited by Darren Ambrose), K-Punk: The Collected and UnpublishedâŠ, 1637
- SEED: The asynchrony between infrastructure and âstructures of feelingâ could seed an essay on why cultural critics keep getting the timing of epochal shifts âwrongâ â e.g., why the internetâs cultural effects lagged its 1990s infrastructure by a decade.