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Neo Capitalism

System glitches: Capitalism shows its age in the digital era

Tech giants, climate change and protectionism cast doubt on conventional wisdom

The shift toward IT and away from manufacturing is a game changer for capitalism. (Photo by Yuki Nakao)

TOKYO -- On a street near Google's offices in California, rusting old camper vans are parked in a row, serving as makeshift homes. Some would argue they are also symbols of capitalism gone awry.

The success of Silicon Valley is undeniable. The likes of Google, Apple and Facebook have, well, capitalized on free-market capitalism to build empires that span the globe. The world's top technology talent flocks to the area for high-paying jobs.

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