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ICANN relaxes the regulation of TLDs. Expect URL hell to break loose.

I don't even want to think about the consequences of this.

Today the Internet Corporation for Assigned Names and Numbers (ICANN) approved a measure to alow anybody with $50,000 or $100,000 to create whatever Top Level Domain (TLD) they want. Although this may spell doom for URL speculators, for small new media owners like myself (aka, bloggers), this may spell trouble.

Imagine a big media company buying up ".culturekitchen" to peddle international cookbooks. Now I have to not only take them to court, but hope to win and have them surrender to me my trademarked URL.

As a small media company (culturekitchen is incorporated), we're screwed. Who has the money to buy their blog's trademarked name or for that matter, to sue a richer company that, may buy up your blog's trademarked name knowing you won't be able to take them to court and fight for your rights?

For small new media entrepreneurs like bloggers, this could spell disaster.

On a more positive note, domains in Asian and Arabic languages have been approved. What I am wondering about it is whether they are also going to recognize Romance language spellings with characters with special notation such as ñ, ü or é.

liza's picture
Submitted by liza on 26 June 2008 - 3:24pm.
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Let's begin with capitalism, a word that has gone largely out of fashion. The approved reference now is to the market system. This shift minimizes --indeed, deletes-- the role of wealth in the economic and social system. And it sheds the adverse connotation going back to Marx. Instead of the owners of capital or their attendants in control, we have the admirably impersonal role of market forces. It would be hard to think of a change in terminology more in the interest of those to whom money accords power. They have now a functional anonymity.

But most of the people who use the new designation --economists, in particular-- are innocent as to the effect. They see nothing wrong with their bland, descriptive terminology. They pay no attention to the important question: Whether money "wealth" accords a special power. (It does.) Thus the term innocent fraud.

— John Kenneth Galbraith: Free Market Fraud | The Progressive

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