In the early days of the internet, its prophets preached that it would bring freedom — a specific kind of freedom that they called disintermediation. In addition to being a very attractive buzzword, disintermediation describes the process of cutting out the middle man. Disintermediation, they promised, would get you the best prices on what you wanted to buy, unfettered access to information, and eliminate any and all barriers between you and the product/provider/information that you were looking for.

The role of the middle-man, though, is a time-honored tradition. While examples undeniably go back further, the first example that I think of is traders who used to run ships from Continent A to Continent B, buy a product, hope they didn’t die on the trip back, sell their product for 20x the price they bought it for, and repeat until they were either rich or dead.

This role of the intermediary would later be seen in print media via priests who could read books (although primarily the Bible) and tell you what it said — or at least what they decided you should think it said. This made them some of the earliest editors and gatekeepers of information, and they used it to great effect in controlling local populations.

As literacy became a tool for the common people instead of just second and third sons of noble families, though, things changed. People were able to interpret books for themselves, which gave rise to newspapers, radio, television, etc. In all of these mediums, though, you still had the middleman deciding what you needed to see and why, effectively standing between you and information.

In the same vein, retailers may have stopped risking life and limb, but Macy’s and JCPenny still served the role of the intermediary. They sourced clothing from providers and exercised a level of quality control that, in theory, meant you knew what you were buying and had some amount of certainty in your purchase.

Things are different in the age of the internet, though. Now, I go online and buy things directly from my preferred brand, but this hasn’t resolved all my problems as a consumer; rather, it’s shifted them. Now when I order a shirt, it inevitably arrives either in the wrong size because it uses another country’s sizing chart or it’s of such a poor quality that I’m not realistically going to wear it. Without an intermediary, the impetus is on me to figure out what the right solution is and who I can trust to sell a high-quality product.

We see the same issues in media and information; disinformation has replaced disintermediation as the word of the day, and many consumers aren’t happy with the state of things. People are starting to miss being able to reliably get products and information that has been vetted and provided by an intermediary.

This leads to an important question: Is the pendulum about to swing the other way? Could we be seeing a shift in thinking that leads us back to the era of the intermediary and gives consumers an easier, less stressful way to buy t-shirts and obtain information?

As you’re planning the direction that your business is going, it’s important to be aware of this shift in thinking and to try to position yourself advantageously. This is a broad question, so to avoid going too macro with it, I find it helpful to think about what you can do to anticipate and adapt to these kinds of changes.

For instance, look back at what your industry was doing in, say, 1950. Then ask yourself, what had changed by the time 1975 came around? What about the year 2000? And what will the situation be in 2025? These kinds of broad, major shifts take about a generation to move their way through the zeitgeist and become ingrained.

As you ask yourself these questions, also consider where your business fits in the intermediary vs. no-intermediary debate. Personally, I have a foot in each world, with some businesses that can operate great on the 1-1 exchange and others that function as a middleman for consumers. There isn’t a “better” camp to be in, but if you want to be ready for coming changes, then you certainly need to know which approach you’re currently in, decide where you think the trend is going, and plan accordingly.

So, as you contemplate your next strategic move, remember: Whether you're betting on disintermediation or embracing the comeback of the intermediary, just be sure your business isn't caught standing in the middle of the road. Because that's where you get run over.