This seems like a problem that can easily be fixed with technology. We're in the industry of replacing inefficiencies.
Why don't we just replace ICANN?
Why don't we just replace ICANN?
We should price the .com at $50 or $100 per year. This will force the squatters and people sitting on domains to let the majority of them expire. That might help to reserve .com for higher quality sites. For example, look at something like the free tk extension, compared to something like io, that has a premium price. The difference is night and day.