You are NOT "all wet"...your exact conclusions have been
reached by others...but the policies do not change...
Keep in mind that you are talking about policies which have
not been set by a large number of people, or a democratic process...
IANA is run by one person, Jon Postel...he is copied here
also check out http://www.netsol.com for more information...
The Internet (and Internic) have been transformed during the
past 12 months into a "big money" game...IP addressess
are now very valuable..."routable" IP addresses are even more
valuable..."routability" is determined by the ISPs...unfortunately
the ISPs use a small percentage of the IP addresses and have
very little to say about how they are allocated...