Summary:
The book examines the cycle of information technology industries, from open platforms to consolidation and control by monopolistic entities, and the impact on innovation and free expression. It explores historical case studies, such as the telephone and film industries, to understand the ongoing struggle between consumer freedom and corporate power in the digital age.
Key points:
1. Information Empires Cycle: Wu discusses a recurring cycle in information industries where innovation leads to competition, then to monopoly, and back to competition. This is seen in industries like telephony, radio, TV, and the internet.
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