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.