Middlemen Are Eating the World (and That's Good, Actually)

5 days ago

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Middlemen play a crucial role in solving coordination problems, which are essential for global wealth and flourishing.
Historical trends show that as societies became more complex, middlemen jobs became more numerous and sophisticated.
The 20th century saw a debate between bottom-up and centrally planned economies, with capitalism proving more effective.
In the Information Age, technology often serves as a new form of middlemen, reorganizing society through information.
The 'Bullshit Jobs' thesis is criticized for its narrow view, ignoring the value and necessity of most middlemen roles.
Future economic progress may depend more on improving coordination than on direct 'real work' improvements.

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