""I read the Communist Manifesto in the eighth grade," says Doctorow. "It was pretty reasonable.""
""How can their power be balanced to ensure broad prosperity for everyone?""
""we risk a future in which our technologies help make the division and resentment that is the curse of our age.""
Tim Wu and Cory Doctorow were childhood classmates in Toronto who later reconnected. Tim Wu is a law professor, former FTC adviser, and special assistant for technology and competition policy. The Age of Extraction explains how tech platforms shift from serving users to serving themselves by leveraging market power and user stickiness. Platforms extract money through higher prices and by imposing fees and taxes on developers who rely on the platforms. Wu connects this extraction to historical regulatory interventions against AT&T and IBM and points to technological change as a pathway for new entrants. Wu advocates aggressive antitrust action to rebalance power and protect broad prosperity.
Read at WIRED
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