PIR is already a rent-seeking organization designed to fund Internet Society. They don't actually handle the registry at all. It's outsourced, they put it out t

PIR is already a rent-seeking organization designed to fund Internet Society. They don't actually handle the registry at all. It's outsourced, they put it out to bid. If you look at financials, they are paying <$2/domain. Yes, ICANN granted a monopoly to ISOC in the form of PIR, who have been allowed to increase prices consistently for years but at a capped rate. And they wanted more. As costs have gone down. Then everyone at ICANN talks about not being a price regulator and free markets. Ignoring the fact it's a monopoly, and not one ISOC/PIR played any role in creating, it was a gift from ICANN. A perpetual, no bid, contract with ever increasing prices on a decreasing cost monopoly good.