How big tech stopped creating wealth and started extracting it

Tim Wu, author of the Donner Prize-shortlisted book The Age of Extraction, discusses how tech platforms have transformed from tools that enriched the broader economy into monopolistic forces that extract wealth for a few companies. He argues that platform dominance drains economic vitality across sectors, challenges the notion that protecting tech giants is essential for innovation and geopolitical competition with China, and advocates for decentralized innovation.This episode is presented in partnership with the Donner Canadian Foundation.The Hub is Canada’s fastest growing independent digital news outlet.Subscribe to The Hub’s podcast feed to get all our best content:https://tinyurl.com/3a7zpd7e (Apple)https://tinyurl.com/y8akmfn7 (Spotify)Follow The Hub on X: https://x.com/thehubcanada?lang=enCREDITS:Elia Gross - Producer and EditorSean Speer - HostSean Kilpatrick/The Canadian Press - Photo Credit Hosted on Acast. See acast.com/privacy for more information.