I'm not really well informed about the politics of DNS at the top, but I've always had the impression ICANN has been grossly negligent / corrupted over the last twenty years. At the end of the day there is profound capital interest in making name records unfair and noncompetitive in order to rent seek fortunes off the Internet and I see no indication ICANN is anything but compromised by those interests in the way the…
One of the worst squatters right now is www.hugedomains.com They buy up expired domains and immediately put them up for sale for $XXXX At that price, they can sit on the domains for decades and still make a profit when it's sold. Eg: https://www.hugedomains.com/domain_search.cfm?domain_name=cs...
In the end I went with an alternative TLD. it isn't as good, and I'd have been willing to pay a decent amount for the one I wanted (even their original price, reluctantly), but I refused on principle when they got silly.
They are just parasites.