kaal:claim:3782201-018

Removing the middlemen who serve as business catalysts would kill the economy: liquidity would dry up because after a few people unfairly lose on business deals, no one will take the risk of initiating one.

Source quote, verbatim

Remove the middlemen business catalysts and the economy will soon die. Liquid- ity will dry up. A few people will unfairly lose on business deals, then no one will take the risk to initiate a business deal.

From

Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021), The fallacy of Uniformitarianism and Chesterton’s fence, p. 21
https://ssrn.com/abstract=3782201 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782201

Holds when

where no automated substitute performs the catalyst function

Classification

failuresupport: arguedfailure: catalyst removal collapsefamily: liquidity-and-market-structure-failuredefieconomicsdecentralization

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