A section,
> There are about 152 million domain name registrations .com today so Verisign will make about $82 million more in the next year following the price increase out of thin air.
> Verisign will be able to increase the price of .com in the next 3 years as well.
> Verisign will suck about $3 billion dollars out of the world economy just by having some powerful friends at ICANN.
> Verisign will suck about $3 billion dollars out of the world economy just by having some powerful friends at ICANN.
It's not a zero-sum game.
If Verisign manages to extract $3B from the poverty-stricken folks who are buying up .com domains, it doesn't just disappear (unless, of course, Verizon takes it in cash and sets it on fire in the basement.)
That $3B will then be spent on whatever pet projects Verizon feels like spending it on, thus re-injecting into the global economy.
I personally think that Verisign should have to compete to run the .com registry, just like how we do FCC spectrum auctions, but hand-wavy statements like "suck about $3 billion dollars out of the world economy" do not help make that case.