Some nice data on twitter here from Vala Afshar @ValaAfshar. The numbers show that the above assessment is wrong. Many companies, big and small, do not have such "security in business" for the next 10, 20, 50+ users. Some or many of these companies may be gone within a decade .
1995: Top 15 Internet companies worth $17 billion.2015: Top 15 Internet companies worth $2.4 trillion.
Then 60% of top 12 S&P 500 companies in 2000 are not there in 2015; other 40% have dropped rankings.
The global digital: 2016 Billion $ companies that didn't exist in 2005
—3.4 billion access the Internet
—3.7 billion mobile users 📱
—2.3 billion on social media
And Google was the 21st search engine to enter the market in 1998.
Some "common" words we didn't use just 10 years ago:
1 social media
More words of wisdom from Vala. I like this guy and his ideas.
Very often, it is government-protected businesses (via franchising, guaranteed prices and subsidies, etc.) in developing countries that tend to stay "forever."
Lesson: globalization and capitalist innovation and competition do not provide forever "security" of business tenure. Governments do.