There are fiercely independent and enterprising souls in T&T desperately working their way around the limitations of this backward country to find success in the global world of e-commerce.
Enduring the apathy of successive governments, these entrepreneurs are trying to escape the import-and-sell-onomics of our largely ossified business mindset. This unsung demographic, focusing on markets in developed countries like the US, UK and Canada, are pioneering spirits building economic diversification brick by brick, or rather, URL by URL.
The impending seven per cent online tax does more than ignore this demographic. It actively chips away at the efforts of private citizens to transform the economy into one which uses technology to monetise our dynamic imaginations. The tax exposes our ignorance of the revolutionary impact of e-commerce on global business practices.
It is assumed that all entrepreneurial derring-do is embodied in the collective wisdom of our various business chambers and the T&T Manufacturers Association. But there is an unrecognised cohort of micro businesses creating local products and finding outside buyers online. Rigid perceptions of what constitutes a business blinds us to this cohort.
Today, small businesses can reach foreign customers directly. I sell my products on Amazon and on my website. There are, no doubt, countless others doing the same. The costs of establishing an e-commerce website was once prohibitive for anyone other than larger interests. But software like Paypal means small businesses can get in on e-commerce opportunities. Global online retailers like Amazon, Ebay and Etsy have also opened up to sellers in more countries across the globe so a website isn't a must-have to get going.
Online trade isn't restricted to physical products. Citizens are selling freelance services like writing, graphics, website design and all sorts to people outside T&T. Are our leaders aware of these trends? All this promise, though, is mired in institutional failure to recognise the immense potential of e-commerce. Worse still, getting the US currency you earn into your local bank account is needlessly complicated. Not everyone can set up a bank account in the US or Canada, which is a requirement for online global giants like Amazon. Helping e-commerce entrepreneurs get our US earnings home remains a challenge to which the state and the banks are both unequal and uninterested.
It is also important to note that doing business online means paying for services in US. This means you will be taxed seven per cent for trying to earn foreign exchange!
Small family-owned businesses in other countries exist entirely online. These matrix-dwellers function within an e-commerce framework which allows micro-enterprises to thrive.
The Amish community in the US, the same people who shun television and ride in horse-and-buggy, sells its artisan furniture and popcorn online...popcorn yuh hear! At home, the pinnacle of our e-commerce achievement is linx.
E-commerce can't flourish in an environment which swears by the philosophy, "If you can't understand it, kill it."
The political class probably can't figure out a way to wrangle kickbacks out of this evolved entrepreneur as there are no mega projects to feed their megalomaniacal dispositions. We have a tendency to think you are only in business if you are big. But individual ants (although "ants" has a derogatory connotation in T&T) working in concert can register among the largest organisms on the planet. Building a network of 3,000-5,000 small entrepreneurs earning US through e-commerce can start to improve our foreign exchange earnings. The man hewing beautiful bowls out of wood blocks or the woman making handmade natural soaps should be empowered to sell their products online outside of T&T.
E-commerce alone isn't a panacea for our economic malaise, but it can help. It can also spur equity in a private sector that remains largely skewed towards the privileged. Going into business in this country once meant you had to come from money.
Some of this money dates back to the enduring historical advantage of the Cedula of Population in which favourable land grants almost guaranteed prosperity for future generations of certain families in an unequal nation.
Other fortunes are derived from the power of contacts within the government.
Technology is blowing apart the old order. Ten years ago I couldn't dream of creating television shows as the technology was prohibitively expensive. This changed as competition forced the prices of cameras and computers down. And so it is for both young and old entrepreneurs now using sophisticated, relatively inexpensive tech to bring their products to foreign markets without the competitive edge of inherited assets.
Additionally, they needn't have King Solomon's Mines to fund marketing. Blogging, social media, websites–these are all tools available to plugged-in entrepreneurs who want to get the word out about their products.
This is why the seven per cent online tax is so troubling. It is affirmation, at the policy level, of our unwillingness to aggressively pursue trends already established in other countries to diversify economic activity and, in our case, earn much needed foreign exchange. We aren't prepared to tax our brains, so here's another tax. That is why this isn't a developing nation, it is a time capsule.