The specter of an economic collapse looms over many countries and economies these days. Economists in the past already predicted the collapse but the prevailing system –Keynesianism – remains to be the one accepted. With employment at its all time low, the Western world is yet to see a massive economic collapse. How about the businesses? The tough decision to go online should be made. Businessmen are spoiled with the notion that the government will save them in case they defaulted. However, the idea is no longer fashionable as economic indicators proved otherwise. Mr. Bryan Walker of forrester.com claimed that many companies see the Web – both direct-to-customer (DTC) and business-to-business (B2B) – as one of the few near-term growth opportunities. He went on to predict how the impact of the economic crisis has affected ecommerce retailer’s decision to invest and the impact on the ecommerce technology vendor landscape. When his abstract was written in 2008, the economic crisis was not yet fully blown. The pessimistic view of some economist was leveled on the internet commerce. Many believed that the “outside will kill the inside” or that the crisis affecting the brick-and-mortar business community will dampen or loosen the ecommerce world. The irrational conclusion of an ecommerce collapse stemmed not from reasons but from hatred of the free market nature of the internet. Governments and even some social organizations are now strengthening ecommerce in the midst of crisis. While the temptation to tax the online companies is quite high, many policy makers find it wise to delay the taxing process to allow ecommerce to grow and allow innovation to flourish in the ecommerce community. Let’s see the results.
- Ecommerce created jobs
Division of labor and massive specialization are two things which came out of the ecommerce experiment. These two things created numerous jobs – search engine specialization experts, online business managers, security experts, website analytic consultants, online business consultants, online financial houses, etc. Strengthening ecommerce through lesser regulation will surely improve the employment records of the many industrial countries. In fact, news channels and mainstream magazines constantly report how recently unemployed folks used the internet to make money. A lady from Texas brought out the recipes of her late grandmother to start making wonderful salsas for the purchasing public. The result of her work helped her to send her children to brilliant private schools and she was also able to enroll her kids in music schools. Just think of this – from a simple free website, one can create money. Moreover, making an online presence does not need any permits or requirements from officials or agencies. All you need is a vision of an online business, a dedication towards success, and help from experts both offline and online.
- Ecommerce opens new Currencies
Both conspiracy theorists and well-known academicians are openly discussing about the fall of the American dollar. We all know that the money supply chain is technically controlled by the Federal Reserve and other competing currencies are banned in many jurisdictions. Attempts to bring back the Gold Standards are also frowned upon by numerous policy makers. In the quest to strengthen ecommerce, we should be able to embrace the notion that ecommerce is the only way to bring back the currency market. In fact, there are already competing currencies made available through the internet. These currencies will soon become safe haven once the dollar collapses. What are you waiting for? The economic crisis will not end because the policy makers refuse to listen to reason. According to an article posted at news.yahoo.com – ecommerce still booms despite a worsening economy. Enter the world of ecommerce and check out a free website maker now.