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What Functions Do Intermediaries Serve? How Is the Concept of Disintermediation

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Essay

What functions do intermediaries serve? How is the concept of disintermediation related to Porter's Five Forces? Is disintermediation inevitable for all industries (why or why not)?


Definitions:

Individualist

A person or societal stance favoring independence and self-reliance in making choices and conducting affairs, often prioritizing personal goals over group objectives.

Anarchist

An individual who opposes organized government and seeks to promote a society based on voluntary cooperation and free association of individuals and groups.

Fascist

Pertaining to or advocating for a form of far-right, authoritarian ultranationalism characterized by dictatorial power, suppression of opposition, and strong regimentation of society and the economy.

Democracy

A political system characterized by citizen participation in the political process.

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