[nnain]

Because, it favours those who have more money. People who can afford a few dollars/pounds, mostly from the western countries, can keep domains booked for years. Others in the developing or under-developed world don't have that luxury... but the internet is a more global/democratic place... or should be.

[larrys]

You haven't really said why that should matter though. There are other alternatives and essentially many things in the world favor "those who have more money", right?