2009 and 2010 were tough years for the business world. We have seen governments bailing out banks, financing firms, mortgage companies, and even airline industries. Billions of taxpayers’ money was used to save companies from bankruptcies. Governments in Western Europe started questioning the “Union” after the bankruptcy of one seems to cause a downgrade affect on healthier member countries. While riots spread from one city to another in the poorer countries, the richer countries became annoyed such that they begin to question the necessity or stability of the union. Vocal citizens question the program of richer countries bailing out poorer ones. Stores begin shutting down as soon as the news of bank bankruptcies became more apparent. With massive losses in the business sector, jobs were lost and the crime rate rises. However, there is one sector showing massive growth – the internet. Social networking websites which were originally intended to transfer information from one place to another are now being used for business purposes that even cake makers offer their goods in such websites. Video-sharing websites which were originally used for spreading latest pop song videos are now used for product demonstrations and other advertising techniques. With the growth of marketing activities online, some countries reported growth.
The main contributor at charleskenny.blogs.com mentioned that information and communication technology is one of the most potent forces in shaping the twenty-first century. Information technology has become a vital engine of growth for the world economy. That is completely true. Governments of yesteryears were so quick in imposing regulations on industries for the sake of the common good and the public welfare. That is no longer true these days. While the desire to regulate the ecommerce realm is quite high, many policy makers exercise restraint to make sure that creativity flourishes online. In other words, they let nature heal the potential problem.
The release of creativity resulting from low regulation online is the reason why ecommerce is growing so fast. In the internet, anyone can trade. A 15 year old who has a brilliant idea in his mind and he wants to make sure that his idea translates to profit can conduct business without asking permission from his parents, the so-called community or from regulators. Young artists were popularized not because of endorsements from officials but because of positive market response. Let’s take a look at the free website builder industry and imagine if it’s curtailed. If there is some sort of control, the artists creating such wonderful Photoshop predesigned website background will have second thoughts before creating such frames.
As we continue to recover from our economic woes, the person must see ecommerce as his way to make sure that he is fine. He must see ecommerce as the only way to make good money because it is only the marketplace which is free and convenient for individuals. A thorough discussion of ecommerce could be found in Wikipedia.org. The growth of the internet is not a consequences of some reports formulated in some state rooms but the result of the market desire for growth. In the brick-and-mortar world, growth has become a major problem because no one is investing (or creating). Many fear that they might commit a crime if they decide to engage in trade. That is no longer true in the internet because it is now quite simple to create a website and make good money.