The argument that middlemen are parasites who provide no value is a claim with a... | Hacker News

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drcode on Aug 1, 2021 | parent | context | favorite | on: The logic driving China’s big tech clampdown

The argument that middlemen are parasites who provide no value is a claim with a pretty dark history.

fmajid on Aug 1, 2021 | [–]

Of course they provide some value by reducing friction, the problem is when they use their market power or network effects to seek rents and distort the economy.

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