“Death of the middle'' is a useful framework for predicting how new technologies will affect markets.

The classic example is retail, once dominated by department stores like Sears and Kmart, until the internet drove consumers to two extremes: high-status premium brands and hyperscale internet retailers.

Crypto/web3. Author of Read Write Own

readwriteown.com

I believe Tyler Cowen had a term for this (and wrote a book about it almost a decade ago).

Average is Over.

Also I’m enjoying RWO so far.