Re:We replaced rental brokers with software and filled 200 v...
by kennywinker on Sunday July 11, 2021 @01:24PM
(#27802794)
It’s not cutting out the middle man - it’s replacing the middle man with a software middle man. The only way that doesn’t lead to a monopoly is if there are multiple software middle men competing. Like, do you actually believe that uber is just a platform connecting buyers (riders) with sellers (drivers)? It’s a taxi company. It replaced a dozen taxi companies in each city with a monopoly or an duopoly (when lyft is also present).
Cutting out the middle man does not by definition lead to monopolies, especially not when the market has tens of thousands of sellers (if not orders of magnitude more), and tens of thousands of buyers (or, renters, in this case. And again, if not orders of magnitudes more).