A global economy means that locals stores are competing against stores anywhere in the world via the internet. In a pity attempt to find relevance, it's not uncommon to hear people say that we should be "buying local!" and I can't help but ask "why?".
If you are in business and you are currently begging your customer to buy your products or services ... well you either need to change or face the fact that your business is doomed to fail.
In a free economy, the strongest always wins but strongest can be anyone. The internet not only put another nail on the mom/pop shops' coffin, it also opened the door for great ideas to reach more people than ever. You can literally make money by filming yourself and putting it on youtube.
This "revolution" is not the first of kind. It isn't the first time that the mom/pops type of shops have had to fight a war. Previously, Walmart came in and put a lot of those type of business obsolete. They had a better system than anyone else - hence why they pretty much won that battle.
We could say that Amazon is currently winning because it pushed the idea of Walmart even further. Walmart is now trying to find relevance in this new market.
This shift is beautiful and it is normal. It is up to any entrepreneurs to come up with better ideas to change the world. Keep inventing!
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