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And it potentially eliminates the need for all intermediaries in most transactions, even those outside finance.
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By contrast, private finance initiatives and similar arrangements are designed primarily to make money for all the intermediaries in a set of parasitical financial relationships, all of which could have been structured just as well and more cheaply with leases.
Capital adequacy is the most pressing issue for all financial intermediaries including life insurance underwriters and credit card purveyors, and nobody can see the end in sight.
What's changed is that staffing or fee-for-placement intermediaries are emerging for a range of professional positions.
In essence, there would be no need for all of these intermediaries, which just adds opacity to the system.
Three-quarters of all trades directly match buyers and sellers, with no spread for an intermediary.
So that raises the question: Why is there a need for an intermediary?
Awareness of sensations are not, for Reid, essential intermediaries for formation of perceptual beliefs.
The service is currently free for students, employers, and all those intermediaries who choose to write recommendations for students.
So in order to generate $1,000 for a village artist, an intermediary must generate $20,000 in demand to pay all the other intermediaries along the way.
In principle, they would eliminate the need for all sorts of costly intermediaries.
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