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I think there will always be a value in middle men for something, but to me the argument is about how many. As time moves forward there are fewer and fewer doma
by coding123 9y ago
I think there will always be a value in middle men for something, but to me the argument is about how many. As time moves forward there are fewer and fewer domains we go to for things. Facebook Google Amazon. Sure there will be competitors and that's what makes this still fair. But over time, the largest entity of each domain captures an ever larger percentage of traffic, revenue, etc..
The current method of aggregation is to empower fewer and fewer companies to control the rules, what you see, how to sell, what percentage they will allow a sale to generator for the seller, how products are shippped, and how returns work.
This works great for buyers, it always works great for buyers, but behind the scenes what is this doing to our economy and distribution of wealth. It also tends to have a major effect on the country of origin of products - everything is globabalized, so when we purchase something from Amazon we are purchasing something made also increasingly from a single country. Yes other countries will need to address that (as a separate issue too) but still the effect of letting fewer and fewer companies control the market, its no longer a free market.
Is there a way to regain independence? Can Cryptocurrency help? What other peer to peer technologies need to work in concert for us to break our dependency on Amazon, Google, Facebook?
Another way to ask the question: How do we make the online like the offline used to be (we drive down the street and go into a shop - except without the Walmart) but still make this fast-trustable and simple for the buyers.