I disagree. I do not care about the details of a ton of stuff. I do not even understand them.
On the other hand, I do care about people that are knowledgeable of these details, specialized, and trust to handle them for me for a fee.
That’s true of banking, realting, health, security, building, manufacturing of everything I use (or almost). That doesn’t prevent me from vaguely understanding the principles and some bits. And that saved me a ton of time and worry. But for the few times one agent does not work up to his promises.
I am 49, I have dealt enough with try to do all by myself, and I do appreciate and rely onto middlemen way earlier now.
This is fine and works for small ticket items. But in some cases, you will end up paying upto 50% of the ticket value. Eg. Realtors in some countries charge 50% of the transaction value - while the value they provide doesn't scale with transaction amount. Usually, a $200,000 house and a $2,000,000 house require the same amount of paper work (of course, depends on where you live, etc).
Yes. The crucial bit is that there are plenty of competing middle men you can choose from (and are also allowed to do it yourself, where possible).