I cannot be contradicted since there are few others who have been in international trade for the last 45 years, but I'll say it again, nothing has changed. The last big change was containerization, and that started 60 years ago. That sharpened the distinction between large and small business international trade.
The rise of China changed nothing. Just more of the same, more people involved.
The introduction of the internet changed nothing, it just collected the catalog, the phone book, the phone, the mail, the telex all into one device. This has speeded things up, but it has not improved anything qualitatively. The grand delusion is the internet sells. Simply not true. Salespeople still sell, or not.
9-11 changed nothing, except adding unwarranted costs, but that is nothing new.
About 45 years ago there was a huge change, and that was USA going off the gold-standard-lite. After that, lending asset-less backed credit at fractional reserve affected the flow of goods and services worldwide, what goods and services would present themselves, where wars would be, and how to make exceptional personal accumulation front-running the inevitable. Call it Credit Inflation.
Now we are at another change. It too will last approximately 40 years. Whereas credit inflation was well known as a phenomenon and could be managed, today's credit deflation cannot be controlled. Whereas the last 45 years was "advantage big business" the next belongs to small business.
Sentiment is everything, and over time the internet will be seen as a net deficit. Extricate yourself now, and build up where the future is: brick and mortar. Don't worry, you have time... but everything follows the mind... get your head right, and then head in the right direction.
Things have changed, for the first time, in the last 45 years.
Feel free to forward this by email to three of your friends.
The rise of China changed nothing. Just more of the same, more people involved.
The introduction of the internet changed nothing, it just collected the catalog, the phone book, the phone, the mail, the telex all into one device. This has speeded things up, but it has not improved anything qualitatively. The grand delusion is the internet sells. Simply not true. Salespeople still sell, or not.
9-11 changed nothing, except adding unwarranted costs, but that is nothing new.
About 45 years ago there was a huge change, and that was USA going off the gold-standard-lite. After that, lending asset-less backed credit at fractional reserve affected the flow of goods and services worldwide, what goods and services would present themselves, where wars would be, and how to make exceptional personal accumulation front-running the inevitable. Call it Credit Inflation.
Now we are at another change. It too will last approximately 40 years. Whereas credit inflation was well known as a phenomenon and could be managed, today's credit deflation cannot be controlled. Whereas the last 45 years was "advantage big business" the next belongs to small business.
Sentiment is everything, and over time the internet will be seen as a net deficit. Extricate yourself now, and build up where the future is: brick and mortar. Don't worry, you have time... but everything follows the mind... get your head right, and then head in the right direction.
Things have changed, for the first time, in the last 45 years.
Feel free to forward this by email to three of your friends.
2 comments:
I think with the internet, the world has opened up more, and getting access to more markets and products around the world.
Well, that was not the internet, that was politics and failed economic systems... and access comes from logistics; to convince me you'll need to be more specific. how so?
John
Post a Comment