And the ecosystem, also the information ecosystem, rested in a way, at least parts of it, on local.

Is there a crime crisis in the United States? Like, well, I don't know. Like, you've got to ask somebody who's covering crime in Indianapolis.

And there are fewer people of that than there were. And you're left with Washington politicians yelling about it.

I'm Bethany McLean.

Did you ever have a moment of doubt about capitalism and whether greed's a good idea?

And I'm Luigi Zengalis.

We have socialism for the very rich, rugged individualism for the poor.

And this is Capital Isn't, a podcast about what is working in capitalism.

First of all, tell me, is there some society

you know that doesn't run on greed? And most importantly, what isn't? We ought to do better by the

people that get left behind. I don't think we shouldn't kill the capital system in the process.

As a journalist, of course, I want to talk about the future of journalism. I'm biased, but I think journalism matters.

There's at least an argument that the threat of an expose forces everyone to be more honest.

The transmission of information and the formation of reputation are two essential elements for a market economy to work well.

Information is collected and traveled

through media and reputation is influenced dramatically by media. So media in general,

and not newspapers alone, are very important to the functioning of a market economy.

And if that's the case, then there is certainly an argument that we are all in big trouble.

The New York Times just published a story entitled, How the Media Industry Keeps Losing the Future,

which asked, can the idea of news survive in a digital world?

A New Yorker headline was even more apocalyptic.

Is the media prepared for an extinction-level event?

...