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John D. Rockefeller IV

Reich: Break up Facebook (and, while we're at it, Google, Apple and Amazon)

Reich: Break up Facebook (and, while we're at it, Google, Apple and Amazon)

The New York Times revealed last week that Facebook executives withheld evidence of Russian activity on the Facebook platform far longer than previously disclosed. They also employed a political opposition research firm to discredit critics.

There's a larger story here.

America's Gilded Age of the late 19th century began with a raft of innovations -- railroads, steel production, oil extraction -- but culminated in mammoth trusts owned by "robber barons" who used their wealth and power to drive out competitors and corrupt American politics.

We're now in a second Gilded Age -- ushered in by semiconductors, software and the internet -- that has spawned a handful...

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