"Late capitalism" still does some of that, but with a difference: its qualifier in particular rarely means anything so silly as the ultimate senescence, breakdown, and death of the system as such (a temporal vision that would rather seem to belong to modernism than Postmodernism). What "late" generally conveys is rather the sense that something has changed, that things are different, that we have gone through a transformation of the life world which is somehow decisive but incomparable with the older convulsions of modernization and industrialization, less perceptible and dramatic, somehow, but more permanent precisely because more thoroughgoing and all-pervasive.