Interesting. So a market ceases to be a market, or is only marginally so, when its stasis is reached. From then out it becomes more a system of rents than one of customers buying or changing their subscriptions through purchasing transactions, as long as only minimal churn is taking place. The introduction of a new capability or potential by either the content or the pipe will invariably result in the other absorbing the new opportunity, and in so doing may overshoot by some degree. So, true to the principle of the dual roles played by chickens and eggs, this is what I'm reading here. Correct?
Btw, what you stated about fabricated scarcity is true, and I'd like to note that it is even more of an issue, albeit hidden to most users, than you stated. And of course I'm referring to the inability to send and receive information at the same speed due to the crippling effects of asymmetrical "broadband" access.
All the while that the incumbents are celebrating their ability to provide 'bursts' of "downloading" at ever higher, but almost invariably-unsustainable-after-several-seconds, speed, they continue to hold back on the ability of users to transmit their own content on equal terms. The impact of this over time has been, imo, to reduce or maintain a cap on innovation and the amount of total consumed bandwith by several orders of magnitude, at lease.
------ |
