You can think how mining companies extract natural resources - and these modern corporations extract all other value from a business at the cost of workers and perhaps communities, environment, and society.

The author refers to private equity investors, for example, as extractive - as in they extract the value of the business and from others. The problem of stagnant wage growth and inequality is not so much a productivity problem, but rather that the majority of those gains are captured by the top. Over the last 40 years, the American worker’s productivity grew by more than 70% while the median worker’s pay increased less than 10%. Here are a few of the particularly interesting insights: The Systems That Caused The Problems, Will Not Fix Those Same Problems The book has numerous interviews, anecdotes, and great ways to reframe some of our existing biases and beliefs. These elites believe and promote the idea that social change should be pursued principally through the free market and voluntary action, not public life and the law and the reform of the systems that people share in common that it should be supervised by the winners of capitalism and their allies, and not be antagonistic to their needs and that the biggest beneficiaries of the status quo should play a leading role in the status quo’s reform. The belief structure is stated clearly here: It consists of enlightened businesspeople and their collaborators in the worlds of charity, academia, media, government, and think tanks. MarketWorld is an ascendant power elite that is defined by the concurrent drives to do well and do good, to change the world while also profiting from the status quo. The author puts forward a concept he calls MarketWorld: Giridharadas systematically works through the myths behind this notion, explaining the history, the counter-evidence, and the self-serving nature with which the market works. Like many in the West, I’ve grown up with the notion that the free-market and business driven solutions are not only the most efficient, but often the most effective ways to solve many problems. Challenging the Free Market as THE Solution

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