ICANN's recently announced policy of auctioning of generic domain names is purely capitalistic in nature and aiming towards generating revenue and will ultimately best favored to corporate by buying these generic domain names in advance. ICANN is a global regulator and its responsibilities
lies with equitable use of generic words by developed & developing contries and policy should not discourage between rich and poor in using such domain name.
By auction policy icann not only promoting a divide between rich and poor , developed and developing and even it puts the next generation in disadvantage position. Since these generic words do not have any border distinction so need not to be given any exclusive rights to any one rather should be used by all corporate as .beauty or .book would be more usefull for users to easily segregate/search products rather than to any corporate.Since these generic words are not any invention or any innovative work of any corporate so a concept of patent also does not exists here.
Icann need to be careful before finalizing to allot such a major change and even if icann finalizes this auction process this need not to be permanent in nature that is contract need to be of certain time only and should be re-auctioned again so that those who were in disadvantage position in past may again get chance to get them.
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