> Doesn't ICANN already work like an international regulator?

 
No. They are more like the IETF than the ITU, but not quite the IETF. It's hard 
to describe. The origins are Berkman Center for Internet and Soceity at 
Harvard, and what is in existence today is a far cry from the original social 
desire of folks that are still there today who, based on my knowledge and 
perception,  have been mostly disenfranchised.  
 
But not quite a regulator.
 
-M<


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