Carol Cosgrove-Sacks, until recently the United Nations’ Director of Trade, asked whether an Internet that increasingly reflects the will of individual nations, as our book suggests, won’t inevitably need a more globally responsive domain name system. In other words, she asked whether, in the long run, ICANN just cannot survive.
Esther Dyson, who happened to be at the event, gave a most interesting response. “Domain name governance” she said (and I paraphrase) “is like the One Ring. You can’t trust anyone with its power.”
While she didn't say this, ICANN under this logic is basically like a hobbit -- an organization too weak to be a threat to anyone.
"ICANN has two things going for it" said Dyson, "it lacks power, and it lacks legitimacy. If ICANN tried to do anything controversial, the U.S., Europe, Japan, and the world internet community would resist and put a stop to it."
So is that a good enough answer? Is a decent result enough, or does the process matter?