On Sep 17, 2018, at 17:51, Nick Hilliard <nick@foobar.org> wrote:
Patrick W. Gilmore wrote on 17/09/2018 22:40:
Expecting any for-profit business (all of them, not just REITs) to do less than extract maximum cash is deluding yourself. oh sure, but price gouging is often bad business practice in the long term. Humans evolved a strong sense of injustice and have a long memory for people and organisations whom they feel take advantage of them.
As someone else pointed out, business practices like this can work in a rising market, but not so well when market conditions become difficult and people end up in a position of being able to make a choice between organisations which may have treated them badly in the past and those which have not.
No argument. You cut out part of my reply: When a business gives you something for free, they are expecting something in return - return business, personal data, lower churn, good reviews, customer loyalty, etc. - that they can turn into cash. Any business with little or no competition can be expected to raise prices. This is not exactly new or surprising. If you “s/free/free or lower cost/“, it satisfies your statement as well. Every business should be deciding “how much can I make -long term-“, and take into account what you, I, and others have said here. Some will think short term, and (hopefully) the market will punish them over time. Anyway, I think everyone on the thread agrees. Xconn fees are higher than they should be, but not necessarily higher than the market will bear. Yet. Besides, once everyone turns up a single 100 Tbps port to PacketFabric (or two for redundancy), xconn fees will be irrelevant. :-) -- TTFN, patrick