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THE AGE OF EXTRACTION

HOW TECH PLATFORMS CONQUERED THE ECONOMY AND THREATEN OUR FUTURE PROSPERITY

A sharp and eye-opening introduction to how we arrived at platform capitalism—where no good click goes unmonetized.

It’s not just in your head—your online life is draining your wallet.

Have you noticed yourself spending more time immersed in social media, web searches, and purchasing? Wu, an award-winning author, professor at Columbia University, and policy advocate, knows that is no accident. Technology has transformed our marketplaces into ubiquitous, addicting platforms, designed to capture our attention and extract wealth. “Wealth extraction” means taking money from everyone, on all sides of a transaction, raking in maximum profits for platform owners. Descended from the ancient city square, platforms including Amazon, Google, Meta, and corporations serving medical and housing needs are engineered to be both essential and unavoidable, extracting hidden fees. Wu takes a hard look at the intertwined political, economic, and technological histories that led to the rise of dominant platforms and their techniques to ensnare us and keep us engaged and buying. Platform owners understand that resisting convenience is very difficult and leverage this to keep us online. Early internet developers aimed to empower everyone, but large computer companies became monopolies, requiring the creation of anti-monopolistic policies to modulate their power. Another alarming theme is the rise of ChatGPT and large language models. To evolve, they require large quantities of data generated by human interactions with platforms—another form of extraction. Though he points to the dangers and unfairness of economic inequality, Wu doesn’t paint an entirely gloomy picture but does encourage us to recognize and take control back from platforms practicing excessive wealth extraction. Wu covers a lot of territory in this brisk, 30,000-foot view of platforms entwined with our economic lives. The message is to look up from our screens and be cognizant of the extractive environment that surrounds us. Plentiful endnotes and an index will guide those wishing to dig deeper.

A sharp and eye-opening introduction to how we arrived at platform capitalism—where no good click goes unmonetized.

Pub Date: Nov. 4, 2025

ISBN: 9780593321249

Page Count: 224

Publisher: Knopf

Review Posted Online: May 30, 2025

Kirkus Reviews Issue: July 1, 2025

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THINKING, FAST AND SLOW

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...

A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.

The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.

Pub Date: Nov. 1, 2011

ISBN: 978-0-374-27563-1

Page Count: 512

Publisher: Farrar, Straus and Giroux

Review Posted Online: Sept. 3, 2011

Kirkus Reviews Issue: Sept. 15, 2011

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WHEN BREATH BECOMES AIR

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...

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A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.

Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.

Pub Date: Jan. 19, 2016

ISBN: 978-0-8129-8840-6

Page Count: 248

Publisher: Random House

Review Posted Online: Sept. 29, 2015

Kirkus Reviews Issue: Oct. 15, 2015

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