Alibaba

[Big Toe]

i think the new economy/technology empowers the consumer.
Better and more effective delivery of goods and services to the end consumer.
Makes life difficult for the traditional businesses. Businesses w/o a wide moat are doomed.
Even banks are not spared with institutions with banking functions popping up.
So the old folks are right, be a doctor or a lawyer ... where the profession is heavily guarded/regulated.