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I think in the end it comes down to this.
Gerco has to stay in business. That is a higher priority they some affiliate(s). If he is generating the bulk of the sales himself. Then he has that freedom.
Many programs, myself included, generate a lot of the sales themselves and affiliates make up a increasingly smaller piece of the pie. The smaller that pie gets, the more marginalized non-producing affiliates become.
Back end, content, promo material, time, labor, and other expenses of supporting affiliates start gobbling up revenue in no time if you do not find a way to throttle it. In Gerco's case, he said he is a smaller company. So I doubt he wants to spending 10 man hours a week to support an affiliate who just signed up and has yet to send a sale, or one that sends a single sale once a month. It simply is not cost effective.
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Enough Said. 
"Would you rather live like a king for a year or like a prince forever?"
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