Friday, March 6, 2009

Killed by the Internet

Yes, we can blame the banks and mortgage companies and all the other financial institutions, and the U.S. car companies who haven't been profitable for years, and the financial advisors who hyped stocks and bonds shamelessly.

But there is another factor in this whole "recession" or "meltdown" or transitional time, and that is the Internet. How many businesses have been brought down by the Internet?
Record stores
Video stores
Book stores
Newspapers
Magazines
Stock brokers
Travel agencies
Map makers
Telephone directories
Printing companies
...what else?