Tim Wu

In health care, private equity firms have sought to reorganize the industry into what they openly call a platform model. What that means in practice is squeezing more work from doctors and nurses while raising prices. Likewise, rental housing has suffered from the rise of a corporate-housing platform: the centralizing of rental homeownership along with steady increases in rents. The result is not just bad policy but also a cultural blindness: An entire generation has grown up thinking that extraction, as opposed to building, is the path to riches.