The Internet is simply giving rise to a reduction in the number of
industries in which intermediaries can add value, because the consumer
and the supplier can more quickly and easily transact business across
the Web.
Hence the Web is leading to "disintermediation".
Philip Argy
In reply to:
> "Colin Goldrick" <Colin.Goldrick@GriffithHack.com.au>
>Subject: RE: Sourcing quotes...
>Date: Thu, 1 Oct 1998 05:28:37 +1000
>
>Colin Goldrick said:
>
>> Richard said
>>
>> > Linkers --
>> >
>> > Now that we've got "Information Wants to be Free" sorted out -- can
>> > anybody tell
>> > me the first source for that aboMinable term "disintermediation"?
>> >
>> > Richard Chirgwin
>> >
>> I cannot give you the source, but it comes from the finance industry
and
>> was around at least 12 years ago, along with other wonderful terms
such
>> as "banc-assurance"
>
>I dusted off my decaying copy of "Australian Financial System: Interim
>Report of the Committee of Inquiry", May 1980, AGPS, and found the
>following reference to "disintermediation" (p.11):
>
>"... to the extent that the regulatory environment constrains the
>operations of financial intermediaries it is likely to encourage the
>diversion of funds flows into internal financing or direct financing
>(commonly called disintermediation)."
>
>I recall that "disintermediation" was a commonly used term in The
Treasury
>during the late 1970s.
>
>
>Ian Johnston
>
>
>
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