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It's not about the value of the name, it's about the cost of running a TLD.

• jandrese 7y ago
  The cost of running the system is trivial. Domains are more like real estate. They can become almost arbitrarily expensive on the global market because they represent a somewhat exhaustible resource of phrases that people can actually remember. As with any system where you have private resource owners controlling a basic need you should expect corruption and abuse of the customer base. From Water Barons to Landlords to Cable/Broadband companies the pattern repeats itself time and time again. This is why we have regulated industries.
  • vxNsr 7y ago
    But the governing org shouldn't be the one extracting that value. their job is govern and to some extent regulate. anything else is outside their domain.
    • jandrese 7y ago
      If not the governing org then who? It's not in the public interest to facilitate or encourage rent seeking. To the extent that price differences are inevitable in a market based system (where we assume the party most worthy of a domain is the one willing to put the most money into acquiring it), it only makes sense that the money be used for the public good.