"In my view, Wu is a national treasure. He coined the term net neutrality. (The concept—which assures nondiscriminatory access to platforms—has been momentarily beaten down by the courts.) During the Biden days, he, along with FTC chair Lina Khan and assistant attorney general for antitrust Jonathan Kanter, helped thaw out what he calls Antitrust Winter, a free-for-all era of corporate consolidation and anticompetitive practices that empowered Big Tech.
He’s also a good writer. One felicitous trick in his bag is the invocation of obscure, even ancient precedents that provide illuminating insights into contemporary conundrums. To explain the value of net neutrality, Wu tells the tale of a 14th century Englishwoman who was refused lodging at a rural inn for unspecified reasons, and found herself abandoned in the dark; her successful court challenge established the principle that a “public house” must be open to the public.
The Age of Extraction is the third in a trilogy consisting of The Master Switch (about the importance of open platforms) and The Attention Merchants (which focused on how social media and online ads infected the media ecosystem).
I read this latest effort, though, with a bit of wistfulness. It was written before the 2024 election. Donald Trump is mentioned only once, and not in the context of his return to the White House. To be sure, a number of times Wu refers to scenarios where a generic autocratic strongman takes power—guess who comes to mind? But Wu didn’t want to write another Trump book. “I just felt it’s duplicative to say Trump is a crazy madman who is corrupted,” he says. Instead, he wanted to write on issues and ideas, in hopes that his work would retain relevance long after our current leader leaves the scene.
But right now, Trump is in the White House, presiding over the age Wu refers to in his book title."
https://www.wired.com/story/tim-wu-age-of-extraction/
#USA #Monopolies #Oligopolies #Antitrust #Competition #BigTech