Regulatory Capture Technique Successfully used by VeriSign

[Chaz Morningstar <chazmorningstar@xxxxxxxxxxxxxx>]

From:
http://www.domainarts.com/2011/11/22/upcoming-verisign-price-increase-reminder-of-icanns-failure/
 

"ICANN’s approval of the settlement agreement with Verisign
is a clear example of Regulatory Capture. As described by Wikipedia, it is when
an “agency created to act in the public interest instead advances the
commercial or special interests that dominate the industry or sector it is
charged with regulating.” In this case, ICANN, instead of putting limits on
Verisign’s control of the dot-com name space for the benefit of the Internet
community at large, advanced a settlement that allowed Verisign to reap monopoly
profits at everyone else’s expense."



Chaz Morningstar
Affiliate Marketer