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The growth of online marketplaces like Uber, Airbnb and Amazon can sometimes threaten local businesses such as taxis, hotels and retail shops by taking away jobs or reducing income to the community. But it doesn't have to be this way, says strategy consultant Amane Dannouni. Pointing to examples like Gojek (Indonesia's Uber for motorbikes) and Jumia (Africa's version of Amazon), he explains how some online marketplaces make deliberate trade-offs to include, rather than replace, existing players in local economies — benefiting everyone in the long run.
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Until Amazon becomes an Monopoly And Doesn’t sell Local goods and start Making there own Product.
@Field Artillery ASMR Al and robots are coming .Many Amazon facilities are converted in to machines and really its just an Waiting game. They have destroyed indian jobs. I dont support Outdated methods too “but” just saying to Have Sometype of Restriction/restructuring of it.
@Attention2detail India needs to have some anti Monopoly commission ASAP.
NeonWarLord
Throughout history the nature of jobs have changed, most of the occupations of the past do not exist anymore. Naturally, this trend will continue but so will the nature of new jobs change.
@NeonWarLord https://qz.com/india/1539834/amazon-flipkart-adapt-as-indias-new-e-commerce-rules-kick-in/ Reportedly, yes they have, but as a consumer, we still get to see all amazon products on top (at the lowest prices).
Monopolies form faster in a heavily regulated world. Amazon became popular because they provided for people, and people chose (voting with their dollars) for Amazon. If you don’t like it, I support your ability to create an alternative. You should see how horrible the Canadian healthcare system is… its losing money, and there is no other options. Why? Government regulation made it illegal for people to provide health differently than the union monopoly.
Outstanding.
It’s like, ok, cool, but even too much *water* can kill ya…
The whole concept of this video is B.S. Look in real life and even a child can see how online shopping has destroyed the economies of even entire towns.
Mountain Wolf
No it hasn’t. Large retailers like Wal Mart did that a long time ago and online market places are the opportunity for specialized merchants to get an upper hand. The destruction of local economies through online shopping is a myth.
@Field Artillery ASMR The local economies in countries like India who aren’t aware or not willing to improvise their business models are surely getting killed, they just don’t see it yet.
Attention2detail
I would argue then that it is their job to change accordingly.
Im indonesian, and i agreed that gojek make good vibes on our economy. Not just the drivers, but whole aspect that involved in community.
as Peter Thiel said: “don’t disrupt”
It is an awesome video. It explains, in an easy way, how value is created in a market society. Congratulations! The taxis react with a monopolistic manner so that nobody can compete with them, unless the state allows for it. This is the definition of monopoly. The online marketplace comes to destroy monopolies, since everyone may run the business more effectively and efficiently.
Surmised you have to have legal and action and push for policies to fight for wealth sharing with employees, and for these disruptive companies to pay their fair share of taxes.
How it can…..but our markets are dominated by monopolies. This fuzzy warm neo liberal silicon valley bs is getting tiring