Power shift in America as Wall Street bows to Silicon Valley

Ingenuity and energy abound in tech companies, but they are trapped within traditional financial power structures American capitalism is in the midst of a remarkable transformation. For decades, Wall Street has been the beating heart of the American system. Its great investment banks have driven the financialisation of the globe. It has become a byword for extravagant salaries, amoral deal-making and, infamously, nearly precipitating its own collapse. The financial "masters of the universe" have...