World, Writing, Wealth discussion
Wealth & Economics
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Cut out the middleman? Welcome new middleman
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Heard that some local or state authorities start to assume a different stance.. It's just the authorities lag behind the progress, although in a longer run - taxation and licensing may change..
Taxi companies, banks, travel agencies are gradually forced out, while the platform operators, charging their own commission, supersede once industry monsters. Are the banks shaking because of lending clubs? Well, they should, allowing for the growing share of business chopped off by peer-to-peer lending. Yes, we might see attempts of derailing it on legislative and other levels, but so far it grows at an extreme rate.
And what about writing and publishing? One may argue it's the same thing happening here with abundant options for connecting writers and readers directly, be it through self-publishing outlets or crowd-funding venues.
How much of the trad industries will this new trend reshape in your opinion?