Hidden Forces

In Episode 463 of Hidden Forces, Demetri Kofinas speaks with media and technology historian Tim Wu about how the rise of platform power has become the defining economic event of our time, why it's responsible for much of the current dysfunction (from politics and media to housing and healthcare), and what we can do about it. Wu and Kofinas spend the first hour of their conversation discussing how platform power has become the central form of economic control in our era, why the Internet went from being a free-wheeling and optimistic ecosystem of  entrepreneurship and creativity to one whose business models of extraction dominate it today, and how platforms have been weaponized against their users in order to capture and extract economic value rather than create it. The second hour is devoted to a discussion about the plethora of readily available solutions to our current predicament, like antitrust enforcement, "line of business" restrictions, utility rules and caps, mandated transparency of platform objecti