banks are charging more because telecoms are stealing their customers thus continually making them irrelevant. M-Pesa - a good example and shifted billions to mobicos proof. Why cheap internet will reverse that is because we shall retain those billions in our wallets - there will less demand to borrow, and we may actually use banks some more, hence their rates may drop and expect new third party payment systems away from telcos-owned. All this hinges on us ensuring that telcos stop exploiting us on communication- a basic human right. So we intensify our fight with telcos, and whatever circumstances have perpetuated the current state of consumer.. i.e. banks are the 'old' problem, our new 'problem' is telcos.. I bet my lunch on that:-) On Sun, Aug 30, 2009 at 9:51 PM, aki<aki275@googlemail.com> wrote:
On Sun, Aug 30, 2009 at 9:26 PM, Gakuru Alex <alexgakuru.lists@gmail.com> wrote:
Take heart... change is coming:-)
@Alex, self defeating ? Is cheaper internet going to make operational costs cheaper? I don't think so. Internet is a very small corner of expenditure of most businesses. The effects are not going to be felt to except those who are doing large established turnovers. The majority rest will continue to feel the effects of almost fake economies i.e expensive borrowing, lack of loan peformances, a glut in unemployment and its effects, physical security business doing booming business and cost of food, fuel, rent, electricity, transport remains high.The Internet is also not going to change anyones lives in slum or informal settlement areas who will continue crying out for food, basic needs and a better future.
Indeed, banks and other servcie sectors have led the way in conmen schemes out to steal and exploit the country with the BIG green light from governance.
Try borrowing on that 14-17% on loans and see if it makes any business sense to be doing so, unless it can be passed on to end users and higher pricing..... :-)
Rgds.