Wednesday 7 October 2015

The US presidential election shows the Internet's power of increasing the level of competitions

Recently, we have learned some US presidential candidates, who were not as popular as those big names like Hillary Clinton and Jeb Bush. The campaigns start much earlier and everyone seems to have a chance to win the race. From this phenomena, we can see the power of the Internet. People become easier and harder to know each other. Easier, because there is so much information on the Internet, we can find out what we want to know in seconds. Harder, because there is too much information, it is impossible to find all information and it is hard to distinguish the reliability of the information we receive. Just like the US presidential candidates, during this Internet era, small companies can also become famous quickly. This also brings the small companies to compete with the larger firms directly, as they are in a relatively better position in terms of popularity. As the level of competition is continuously rising, the inflationary pressure will be reduced.

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