Will Internet Distroy High End ?

The internet has been a godsend to those who wish to trade used equipment. It has also been ok for those dealers who care to do internet business. In the long run however, I don't envy local high end dealers. As more people jump on the used equipment bandwagon it may have a serious detrimental effect on new equipment sales. That in turn may distroy or shrink the cottage industry we call "High End Audio." We would then be left with all the mass merchandisers who want to reduce us all to mid-fi garbage. What do you think ?