The Age of Extraction: How Tech Platforms Conquered the Economy and Threaten Our Future Prosperity
The Age of Extraction: How Tech Platforms Conquered the Economy and Threaten Our Future Prosperity
In an economic future centered on artificially-intelligent platforms, how can we balance their rising power to achieve lasting prosperity? We live in an era where the economy is dominated by a handful of great tech platforms. They may provide convenience and entertainment, but they are also some of the most effective instruments of wealth extraction ever created--taking more money, data, and attention from all of us. The development of an artificially-intelligent platform economy offers both the potential to enrich us all and the grave risk of our own marginalization and a more feudal, two-class economy. Tim Wu--the preeminent scholar and former White House official who coined the phrase "net neutrality"--explores the rise of platform power today and details the future opportunities and risks if it goes unchecked. The Age of Extraction tells the sweeping story of an Internet that promised widespread wealth and democracy in the 1990s and 2000s, and how it instead ended up creating new economic classes and aiding the spread of autocracy. Concise and hopeful, this book offers concrete proposals for how to achieve a better economic balance and prosperity for all.
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In an economic future centered on artificially-intelligent platforms, how can we balance their rising power to achieve lasting prosperity? We live in an era where the economy is dominated by a handful of great tech platforms. They may provide convenience and entertainment, but they are also some of the most effective instruments of wealth extraction ever created--taking more money, data, and attention from all of us. The development of an artificially-intelligent platform economy offers both the potential to enrich us all and the grave risk of our own marginalization and a more feudal, two-class economy. Tim Wu--the preeminent scholar and former White House official who coined the phrase "net neutrality"--explores the rise of platform power today and details the future opportunities and risks if it goes unchecked. The Age of Extraction tells the sweeping story of an Internet that promised widespread wealth and democracy in the 1990s and 2000s, and how it instead ended up creating new economic classes and aiding the spread of autocracy. Concise and hopeful, this book offers concrete proposals for how to achieve a better economic balance and prosperity for all.
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