This was only one of many recent changes along the capitalist food chain. Wall Street had gone from being the celebrities of the money culture to being its lackeys.
In "The New New Thing: A Silicon Valley Story," Michael Lewis explores the transformations in the modern capitalist food chain, highlighting the shift in perceptions surrounding Wall Street. Once celebrated as the kings of finance, those involved in Wall Street have now become subordinate players, often serving the interests of other sectors.
This change reflects a broader trend where innovation and technology in Silicon Valley are taking precedence over traditional finance. The dynamics of power and influence have shifted, revealing how the relationship between these sectors continues to evolve amidst a rapidly changing economic landscape.
