Key Insights & Memorable Quotes
The most popular highlights from The Age of Extraction: How Tech Platforms Conquered the Economy and Threaten Our Future Prosperity, saved by readers on Screvi.
“Medicine has an internal culture of hard work and long hours, particularly in the years while doctors are training. But traditionally, this was understood as something that would, later on, begin to ease—or at least be under the control of the individual doctor. In addition, specialties such as anesthesiology, radiology, and dermatology were also understood by tradition to offer a more balanced lifestyle. Those were precisely the practices targeted by private equity, which saw the lifestyle practices as an opportunity.”
“the projected triumph of the creative class was a bust. For the millions of “Davids” who flocked to the Web over the 2000s were not challenging the new “Goliaths” in any meaningful way. Rather, they became, in large part, Goliath’s unpaid or underpaid servants. They joined Goliath’s army and made him rich.”
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