This is what late-stage capitalism looks like up close.

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However, it is also true that laissez-faire capitalism of the late 19th century developed many unfortunate characteristics, that became so acute that several generations of intellectuals and national leaders sought ways to deal with them.

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The Great Recession, Mr Stiglitz argues, uncovered fundamental flaws in America's late 20th-century form of capitalism.

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The silicon chip, the Internet and globalism were accelerants to the renaissance of entrepreneurial capitalism that began in the late 1970s.

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Some analysts hailed the weekend's powerful message of returning morality to capitalism, while others dismissed the summit as too little too late.

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