Posted by Kirsten Gibbs on March 4, 2019
  • Getting rid of the middle-man. It sounds great.

    Except it doesn’t happen that way. What actually happens is that dozens, hundreds or even thousands of middle-people are replaced by a single ‘middle-platform’.

    In other words, with what is hoped will become a monopoly. The only place to buy.

    And if you achieve monopoly or near-monopoly, you will also eventually achieve monopsony or near-monopsony, the only place to sell to.

    That’s every investor’s dream. I’m not sure it should be the consumer’s.

    The most benevolent dictator is still a dictator.

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