In the Media

The fate of Chelsea Convenience shows, in its small way, that business and capitalism can be at odds — that the drive for immense capital gains can drain the life out of human-scale business. For entrepreneurs, the American economy, with its extreme centralization, is becoming more like the Soviet economy Mr. Feygim left behind.

Facebook is now the outlier, and it is increasingly hard to understand why it is insisting on accepting not only political advertising, but even deliberate and malicious lies if they are in the form of paid advertisements. Given how much can go wrong — and has gone wrong — the question everyone is asking is: Why does Facebook think it needs to be in this game?

NPR's Ailsa Chang speaks with Tim Wu, a professor of law, science and technology at Columbia Law School, about how to break up big tech and increase competition.