"Extractive capitalism" is a slippery concept that tends to mean whatever the speaker wants. Rep. Ro Khanna (D–Calif.) invokes the term as a bogeyman to be slain by the economic snake oil he peddles in the form of a $25 "living wage" bill he and other Democrats introduced. Fortunately, the legislation is not only unlikely to pass the current Congress; it's almost as slippery as Khanna's bogeymen. It's still a bad idea.
