I'm back in 1990

Chapter 647: Coexistence of the Old and the New is the Optimal Solution

Immediately afterwards, Huang Xiaochuan flew to Hong Kong and officially established a new research project at his Hong Kong Economic Research Institute. The project title was rather obscure and difficult to understand; those who know, know. People who study economics like to express the meaning of words in an obscure and difficult-to-understand way, making it like reading a book written in heaven for ordinary people.

Huang Xiaochuan was no exception; the main reason was that if research results were to be published in major international journals, they had to meet academic standards.

Therefore, the title of this research project is "The Double Helix Effect of E-commerce: A Predictive Study on the Rebalancing of Future Technological Dividends and Market Restructuring." See? Do you think this is vocabulary that the average person in 2003 could understand?

In fact, this research has been underway for a long time. Huang Xiaochuan's "disruptive creation theory model" was tailor-made to study the potential disruptive effect of e-commerce on traditional commerce. Although this theoretical model is now widely used in various theoretical studies in the field of economics.

Their research subjects were eBay and Amazon, which are currently developing e-commerce platforms.

Although the Hong Kong Institute of Economic Research was established not long ago, with the support of Huang Xiaochuan, a recipient of the Clark Medal, and his willingness to spend no expense to recruit talent from all over the world, including internationally renowned economists, sociologists, logistics experts, and data analysis experts, the Hong Kong Institute of Economic Research quickly became a world-renowned leading institution for economic research.

Relying on Sun Microsystems' server technology, Huang Xiaochuan spent a lot of money to equip the Hong Kong Economic Research Institute with a supercomputer, which was quite impressive. At this time, although Huang Xiaochuan had innovatively proposed a future cloud computing concept, due to technological limitations, it would take some time to achieve this goal.

Therefore, the simulation calculation of a large amount of theoretical data in research institutes requires the assistance of computer servers. Some well-known international economic research institutions rely on world-renowned universities, so they naturally have no shortage of time to use supercomputers.

The Hong Kong Economic Research Institute was the only one that was established independently, so it could not receive the same resource support. That's why Huang Xiaochuan customized a supercomputer unit exclusively for the Hong Kong Economic Research Institute.

This thing is definitely a high-end gadget nowadays, but with the development of productivity and technology, it will soon be forgotten by the long river of history.

Of course, the supercomputer set of the Hong Kong Economic Research Institute was not the most advanced. Due to technological blockade, Huang Xiaochuan could only get a set that was two levels lower than the most powerful supercomputer of the time. After all, this thing could be described as a national treasure at that time.

For this, Huang Xiaochuan didn't hesitate to hurl a string of profanities at those damn foreign devils: "My own company (Sun Company), spending my own money, and I still can't get the best products!"

Despite the criticism, Huang Xiaochuan did see the reality. As a result, he and Zhang Gaolei plotted for a long time and gradually increased their efforts to infiltrate Sun Company.

The hope is that one day China will achieve a breakthrough in semiconductor research and manufacturing, and we eagerly hope that day will come soon.

If such things can happen in the field of economic research, then it goes without saying that those in precision manufacturing and defense technology research must also face similar challenges. Therefore, Huang Xiaochuan has a deep and sincere respect for the scientific researchers in the country who are forging ahead despite numerous difficulties.

As the research progressed, simulation results based on the destructive theory model were quickly obtained. Taking eBay as an example, for every job created, such as customer service or backend programmers, three to five traditional business jobs would disappear in the initial development stage.

The simulation results show that once e-commerce expands in an uncontrolled manner, this job substitution will be irreversible. Moreover, the faster e-commerce develops, the faster this substitution will become, which is very likely to create a gap in employment between the old and new generations.

Furthermore, an economic phenomenon known as the "wealth funnel effect" will emerge. This is due to the operating model of e-commerce platforms. According to research on the profit models and fund allocation of e-commerce platforms eBay and Amazon, a large amount of profits have not truly benefited consumers and manufacturers. On the contrary, the two platforms have used their monopolistic characteristics to concentrate huge profits in the hands of capital.

Research estimates suggest that unchecked expansion of e-commerce could lead to regional economic hollowing out. This means that traditional urban businesses will decline, physical stores will close down and be replaced at an accelerated pace, and traditional urban businesses will gradually shrink and eventually disappear. This will affect urban tax revenue, and everyone will personally experience the changes in their lives.

After the research results came out, the entire research team fell silent, deeply disturbed by the thought! If this were to actually happen, it would be a terrible thing for many practitioners in traditional business industries.

This result is only an initial research finding, and deeper research results have not yet been obtained. However, based on the current research inferences, the new business model is still open to discussion.

Huang Xiaochuan didn't even look at the research report after receiving it. As someone who had experienced it firsthand, he knew better than anyone what would happen next, and he fell into deep thought.

He fell into deep thought because he knew that e-commerce was not entirely useless. Human development is built on the continuous progress of technology, and we cannot completely deny new things just because they may bring drawbacks.

The best solution is to find a pattern in which old and new things coexist.

But how can we convince top decision-makers of this report?

The main concern is that he owns a large number of traditional businesses. Will people think he is using his position for personal gain?

However, Huang Xiaochuan currently holds the key to the future of e-commerce, namely, Times Logistics.

Furthermore, since e-commerce platforms have a natural monopoly, we should support more platforms to create healthy competition and prevent a single dominant player from emerging.

Huang Xiaochuan had long understood that the emergence of e-commerce platforms was unstoppable, but it could be guided and regulated.

The original idea remains the same: traditional commerce and new commerce (e-commerce platforms) should coexist. New commerce will bring new job opportunities, while ensuring that traditional commerce is not overly impacted by new commerce, so that the two become complementary business models. This is the optimal solution.

Thinking it over, Huang Xiaochuan couldn't help but chuckle to himself. What did he do to deserve such concern for the country and its people? But then he thought, perhaps this was the greatest meaning of God's arrangement for his rebirth: to benefit all living beings as much as possible.

Huang Xiaochuan decided to do as much as he could, to the best of his ability, since he figured he could only live for a few more decades at most.

To be reborn into this world? That would probably not be a blessing from heaven, but a punishment.

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