vq12
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The thought of rebuilding local economies sounds great. I think projects that people like Vinay Gupta speak about are inline with this concept. Vinay talks about how undeveloped nations can “skip” certain steps to advance due to 21st century technology- an example is skipping the construction of landlines straight to cell phones.
My fear however is the monstrous growth of B2B. It seems that businesses have figured out, through financialization (alchemy) that they can just do business with themselves and each other and skip the consumer all together. After all building products for the consumer is annoying, you have to spend all the money and time developing something and marketing it, hoping that the consumer will like it over what your competitors create.
“Globally, by 2020 the B2B ecommerce market will be twice as large as the B2C market — $6.7 trillion vs. $3.2 trillion — according to research provider Frost & Sullivan. The company predicts that China will emerge as the largest online B2B market with $2.1 trillion in sales by 2020.
In the U.S., where B2B ecommerce is already twice as large as B2C ecommerce, Forrester Research expects B2B ecommerce sales to reach $780 billion and represent 9.3 percent of all B2B sales by the end of 2015. The firm predicts that B2B ecommerce will exceed $1.1 trillion and comprise 12 percent of all B2B sales in the United States by 2020.”
