Old Hippy, is wrong on so many points, maybe some time on research would help.
It was camera manufactures that created the digital cameras and made them affordable, so everyone could compete on an equal footing where skill not money now matters.
The internet created the distrubution method to upload and display the images to customers all over the world.
The software companies created tools to prepare and correct the digital images and the payment gateways.
The traditional agencies shut the doors on new photographers and microstock was created.
Flickr opened up the social photography sites where photographers can compare images.
Microstock gave everyone images at an affordable price and allowed the use of images for many millions of NEW users, that just want a couple of images for a website or article and would never have brought an image from a traditional site.
I remember the high street with a lot of traditional outlets, they have all gone and we go to the superstores now, times changed and so did buying habits.
There are many other reasons traditional sales are falling, one being the traditional customer base, newspapers and magazines, these are struggling to survive as the internet becomes more available and faster more and more people get the news online, how many 20 somethings do you see reading a newspaper or magazine?
But hey whatever it is the Micro shooters to blame!
David