Interesting read from 2004: https://www.theregister.com/on-prem/2004/12/20/we-were-sold-...

But I strongly disagree with your conclusion. gTLDs are also run by profit-driven companies and operate under ICANN's US-rooted system. ccTLDs at least offer some jurisdictional autonomy and diversity.

And many "trendy" ccTLDs are not actually run by unstable local governments. .me, for example, is operated with GoDaddy and Identity Digital, while .to relies on Tucows, a Canadian company.

So the irony is that these ccTLDs often end up controlled or technically managed by the same North American companies you consider more trustworthy. Very few small/island countries actually manage their ccTLD directly, which is extremely sad.