Local companies may have similar names to others that exist overseas.
To require them to be in a globally common non-regionalised pool of domain names is more likely to increase scam risks.
Should the various regional companies of the Vodafone brand be forced to have all their world wide customers sign in to a global parent organisation Vodafone.com? Is it not better for the regionally specific customer portal be vodafone.com.au and vodafone.co.uk?
It’s an abundant resource curse; land is the resource that is wasted.
I think the alternative: copyright should be looser. It usually only benefits corporations and lawyers.
Though it would be naive to consider AI companies and ally in a goal to reduce copyright terms.