How middlemen took over the economy

Vox’s Emily Stewart talks with Kathryn Judge, professor at Columbia Law School and author of the new book Direct: The Rise of Middleman Economy and the Power of Going to the Source. They discuss how middlemen — which include real estate agents, stock brokers, but also Amazon and Walmart — came to assume such an outsized role in our economy, the pros and cons of middlemen in different market contexts, why Prof. Judge sees a fundamental difference between Etsy and Amazon, and how we consumers can change how we decide what to buy in order to help push the economy in a radically different direction.

Host: Emily Stewart (@EmilyStewartM), senior correspondent, Vox

Guests: Kathryn Judge (@ProfKateJudge), Harvey J. Goldschmid Professor of Law, Columbia University; author

References: 

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This episode was made by: 

  • Producer: Erikk Geannikis
  • Editor: Amy Drozdowska
  • Engineer: Patrick Boyd
  • Deputy Editorial Director, Vox Talk: Amber Hall

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